Remember please -- the basics -- you don't need Motely TOOL --- or CNBC -- or the wall street journal. If you think you do -- then you've misread everything here.
Great read --- guy retires at 34 with 200K "passive" income... passive being -- it's not EARNED income == so taxes for the most part are going to be very favorable....
Today is a CLASSIC example of why it's so wrong to attempt to "time" the market....
If you've been holding WALMART --- you just picked up 10% gain....
This is exactly what happens OVER TIME..... but you have to be a holder (not just this name) to ride the big jumps....
Of course -- if you're not really an "investor" -- then you'll be out when things go great and in when they suck.
Remember -- in many cases - your leaders will change!! I've had a loser in ETP for a very long time - it went from hero to zero when oil tanked..... but now -- is a gainer again. YEAH -- it's tough to hold while it's glowing red... but overall -- I believed in the original thesis... "they have the pipes" -- oil and gas flow thru pipes. Not trying to sell it -- just trying to use this as one example.
The Following User Says Thank You to GregWeld For This Useful Post:
Today is a CLASSIC example of why it's so wrong to attempt to "time" the market....
If you've been holding WALMART --- you just picked up 10% gain....
This is exactly what happens OVER TIME..... but you have to be a holder (not just this name) to ride the big jumps....
Of course -- if you're not really an "investor" -- then you'll be out when things go great and in when they suck.
Remember -- in many cases - your leaders will change!! I've had a loser in ETP for a very long time - it went from hero to zero when oil tanked..... but now -- is a gainer again. YEAH -- it's tough to hold while it's glowing red... but overall -- I believed in the original thesis... "they have the pipes" -- oil and gas flow thru pipes. Not trying to sell it -- just trying to use this as one example.
Nice boost for MCD too.
__________________ John Brown
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WATCH HOUSING FOR EARLY SIGNS OF DETERIORATING ECONOMY or for strength -- ditto AUTOS.... these are early "tells" for the consumer. The consumer is 2/3ds of the economy. Everything lives or dies based on "sentiment" -- and what folks feel like going forward. You don't buy a house or new car if you're not "feeling it" -- so check your own pulse first.
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
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