Tim Melvin- Money Morning - Only the News You Can Profit From.
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Investing Ideas 1 Friday, October 19, 2018Get off the Stock Market Hamster Wheel – and onto the Ferris Wheel Instead
Last week was fun, wasn't it? For the first time in many months, we saw some big down days as investors got a little panicky over the potential for higher interest rates, midterm elections, and anything else there was to get worked up about. Of course, this immediately started all the chatter about what happens next.
re we going to have a bear market now? Will prices collapse? Should I sell? Should I buy more? What is the stock market going to do next?
If you think you actually know the answer to those questions, you may be a hamster.
Hamsters can run around in a circle like nobody's business. They may think they're going somewhere, but let's face it – they're not.
You won't get any insight at the top of a hamster wheel that you couldn't get at the bottom.
Anyone who confidently predicts the next move in the market is either fooling themselves or trying to fool you.
I have been doing this a long time, and the stock market never does what we all think it should. I have seen markets rally on bad news and sell off on good news. While stock prices will reflect the value of the companies in the long term, in the short run it's more of a psychological soup that often responds irrationally.
Making drastic moves based on your, or anyone's, forecast of market direction is usually a fool's errand. You will end up running in place like our furry friend and not getting much of anywhere.
If you really want to see what's going on, you need a much bigger wheel (like a Ferris wheel) that will give you a much better view.That means being aware of where we are in the long-term economic and market cycle... and making smart numbers decisions that help us profit...
Investing Ideas Thursday, October 18, 2018Use This Proven "BOGO" Method to Get Free Stocks
Investing Ideas Tuesday, October 16, 2018To Profit from Market Downturns, Be Like Billy Bass and "Don't Worry"
ETFs Article Saturday, October 13, 2018That "Low-Cost" ETF Strategy Will Doom You to Low Returns
Investing Ideas Friday, October 12, 2018Use My "Granddaughter Portfolio" Model and Stop Worrying About Your Financial Future
Investing Ideas Wednesday, October 10, 2018Buy "Stuff," Not Ideas, and Make Piles of Money
trading strategies Sunday, October 7, 2018How I Find the Richest, Most Boring Plays for My Readers
Investing Tips Saturday, September 29, 2018An $8 Billion Defense "Double Play" You Won't Find on CNBC
Stocks Wednesday, September 12, 2018How You Can Crush the Market's 130% 10-Year Return
Stocks Sunday, September 9, 2018Use My "Big Money" Method to Find Mouthwatering Stock Bargains