Investment Help

Forum Sponsor
CanuckDuc said:
I've said it before... been saying it since I got my *** handed to me during the tech wreck... listen to no one... only charts matter. Spend $30 on a basic Technical Analysis book, study, practice... stick to it and you'll be outperforming the markets and fund managers alike. It isnt magic so you have to do the work - ie analysis! Anyone that does not feel Technical Analysis works has either never taken the time to learn to use it properly or is trying to sell you on their own investing "prowess!"
Click to expand...

QFT! charts are all i look at as well.

Or just become a news junkie if you want to become a manic depressive basketcase.... that doesn't make money.
 
^ A lot of people indeed do follow charts but it's a pseudoscience. I doubt you will find it taught in a graduate level finance course and I understand there's maybe one paragraph about it in the CFA course materials. And it says that people like it since it's easy to understand.

So I think we disagree on this one.
 
johnp said:
^ A lot of people indeed do follow charts but it's a pseudoscience. I doubt you will find it taught in a graduate level finance course and I understand there's maybe one paragraph about it in the CFA course materials. And it says that people like it since it's easy to understand.

So I think we disagree on this one.
Click to expand...

I think we will also disagree on how relevant a CFA is to managing a personal account?! I have several friends that are charter holders and I beat their returns every year. Dont know a thing about the companies.. just their stocks!!

We need an investment / GTA rider meet!
 
CanuckDuc said:
I've said it before... been saying it since I got my *** handed to me during the tech wreck... listen to no one... only charts matter. Spend $30 on a basic Technical Analysis book, study, practice... stick to it and you'll be outperforming the markets and fund managers alike. It isnt magic so you have to do the work - ie analysis! Anyone that does not feel Technical Analysis works has either never taken the time to learn to use it properly or is trying to sell you on their own investing "prowess!"
Click to expand...

Saying "only charts matter" is as accurate or inaccurate as saying "only fundamentals matter".

I look at charts but I think some of the more exotic pattern analysis is a bunch of hocus pocus. I pay more attention to whether a company is in a good business position, making money, unlikely to go bankrupt in the near future, has a promising new product in the pipeline, etc.

I certainly will not pretend that I've never been wrong.

“The market can stay irrational longer than you can stay solvent.” - John Maynard Keynes, circa 1920. http://www.maynardkeynes.org/keynes-the-speculator.html
 
eljay said:
The whole day trading/flipping thing is not something you learn from reading or studying. You just do it. It's new driven. In that case, you are on top of all news all the time and taking action on it. You literally have to be a news junkie. Like reading news feeds 14 hours a day junkie.
Click to expand...

Definitely this ^. You just have to put some money in and expect to lose a bit while you learn how the system works and what not to do yourself. I've learned way more just trading my own stocks than any book, article or advise.

Self-directed is the way to go. I've only been in for 8 months but I won't be surprised if I see a 10-15% gain at year end. Maybe this year was just a good year for stocks? I don't know, but I will the longer I am int he investing game.

Also mutual funds can be terrible, if the stock market is on a down turn they are not allowed to take your money out. They will just have to funnel your money where they think the losses will be the least, within their portfolio. ie: you're better off getting rid of your mutual fund in this case, but you would expect for someone you're paying to manage your investments, that they would do this, but they are legally bound to keep the money invested
Forum Sponsor
 
You must log in or register to reply here.
Back
Top Bottom