| It is at this time each year when we make
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| | will often trade higher for a couple of
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| New Year's resolutions, to help reduce
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| | days before, and a couple of days after
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| the gap between where we are today and
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| | month end, meaning that you may end up
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| where we want to be in the future.
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| | paying higher prices. Try moving your
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| Having been able to speak to thousands of
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| | contribution date to the middle of the
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| investors over the last five years, I
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| | month and avoid the month end price
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| have compiled a list of my favorite New
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| | squeeze.6. Never Wait For The WhyHave you
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| Year's resolutions that will help stock
| |
| | ever tried to tell a three-year-old to do
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| market investors, no matter which way the
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| | something? Inevitably, their reply will
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| market goes this year.1. Reduce
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| | be a one-word answer, "Why?". Well, it
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| CostsWhile most investors are focused on
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| | seems like we never lose that childish
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| how to make more money in the stock
| |
| | curiosity which causes us to reply to an
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| market, it is just as important to try to
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| | instruction, by asking the question
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| reduce your costs of investing. Like any
| |
| | why.Unfortunately, the stock market is
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| good CEO, you must focus on getting the
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| | not in the habit of telling us why we
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| best value possible for every dollar you
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| | need to do something at the time we need
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| spend. While it would be exciting to
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| | to do it.If you have been waiting to take
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| find an area in which you could save a
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| | action in the market, and the opportunity
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| large sum of money, it is often the
| |
| | presents itself, do not stop and look
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| little expenses that fly just under our
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| | around for the answer to the question
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| mental radar that end up costing us the
| |
| | why. Take action first, and the answer to
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| most. Keep an eye on commissions,
| |
| | the question why will come later.Why sell
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| service fees and transaction fees.
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| | Enron? Why sell Taser? Why sell Krispy
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| Whether you spend $49, $29, $19, or even
| |
| | Kreme? Why sell General Motors?7. Learn
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| $9.99, to make a trade, in the end,
| |
| | The Skill Of SellingWe live in a society
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| you'll get exactly the same result.2.
| |
| | where we are born and bred to be
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| Think SmallConcentrate on hitting
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| | shoppers. From the time we wake up in
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| singles, not home runs. Everyone has
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| | the morning, until we go to sleep at
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| dreams of making it big in the stock
| |
| | night, we are bombarded with messages
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| market. But the quest to hit a big home
| |
| | that tell us to buy, buy, buy. So it's
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| run often comes at the expense of taking
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| | no wonder that investors find it very
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| advantage of the markets' internal
| |
| | easy to buy stocks, but feel
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| ability to rise over the long-term. If
| |
| | uncomfortable when it comes time to sell
|
| you can just increase the value of your
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| | them. Selling should be about taking
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| portfolio by just an extra 1% per year,
| |
| | profits, or avoiding loss. It should not
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| it could end up netting you hundreds of
| |
| | be about being right or wrong. Some of
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| thousands of dollars in extra profits
| |
| | the greatest investors in the world are
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| over the long-term. A $500,000
| |
| | wrong more than they are right. But when
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| portfolio, earning 4%, will be worth
| |
| | they're wrong, they sell quickly and
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| $1,095,561 in 20 years. Add an additional
| |
| | reduce their loss, and risks. And when
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| 1%, and you will increase your returns by
| |
| | they're right, they hold on as long as
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| an additional $231,000.3. Fire Your
| |
| | possible, until the market tells them to
|
| Mutual Fund CompanyAccording to the last
| |
| | sell.When the stock market fell in 2000,
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| count, there are over 10,000 mutual funds
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| | investors did not lose money because they
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| in North America, which means that there
| |
| | did not know what stocks to buy, they
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| are more mutual funds than stocks. Why
| |
| | lost money because they did not know when
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| are there so many? A mutual fund company
| |
| | to sell.8. The First One Now Will Later
|
| is one of the most profitable businesses
| |
| | Be LastIt was nearly 40 years ago when
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| to start, with little or no risk. That is
| |
| | the famous singer/songwriter, Bob Dylan,
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| why every bank, insurance company,
| |
| | wrote those famous words "The first one
|
| brokerage company and financial
| |
| | now will later be last". Obviously, Mr.
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| institution in the world, also sells
| |
| | Dylan was not referring to the stock
|
| mutual funds. And as history tells us,
| |
| | market, but he could've been. As a
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| lack of performance does not hinder a
| |
| | society, we love success. We love to
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| mutual fund company's ability to succeed,
| |
| | follow and idolize winners in just about
|
| as it would in say a business like a drug
| |
| | any sector of society, including winners
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| company, or an energy company. Remember
| |
| | in the stock market. Unfortunately, it
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| the basis of the mutual fund company is
| |
| | is very rare that you see a winner repeat
|
| to invest with other people's money, and
| |
| | its performance, year after year.What was
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| charge them for doing so. And they do so,
| |
| | the best-performing stock, mutual fund or
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| while rarely ever beating the stock
| |
| | sector last year, will not be the
|
| market indexes.
| |
| | best-performing stock, mutual fund or
|
| In the previous resolution, we looked at
| |
| | sector this year.Don't chase success.
|
| how a 1% increase, in your return, could
| |
| | Buying last year's best-performing
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| earn you an extra $231,000. This is the
| |
| | anything, could be one of the most costly
|
| same 1% return that the mutual fund
| |
| | investment mistakes you ever make.9.
|
| companies are hoping to skim off your
| |
| | Manage What You Can ManageWhen a baseball
|
| portfolio over the next 20 years.Can you
| |
| | coach walks out, onto the field, is he
|
| tell yourself, in the next 60 seconds,
| |
| | managing the players on his team, or the
|
| why you are dealing with your current
| |
| | spectators in the stands?
|
| mutual fund company? Is it because of
| |
| | When you look at the stock market, are
|
| the above average returns? Is it because
| |
| | you trying to manage all the stocks in
|
| of the lower than average fees? If not,
| |
| | the stock market, or are you trying to
|
| then you may be stuck with its $231,000
| |
| | manage your selected group of better than
|
| gorilla sitting on your shoulders for the
| |
| | average stocks, ETF's, and mutual funds?
|
| next 20 years.If you do not want to fire
| |
| | There is a logical reason why there are
|
| your mutual fund company, then, you might
| |
| | only so many players on a sports team;
|
| be able to get by just being more
| |
| | why there are only so many soldiers in a
|
| selective in the funds that you choose
| |
| | platoon; and why there are only so many
|
| from their fund family. Most mutual fund
| |
| | people working for an accounts receivable
|
| companies today now offer "Index" funds
| |
| | manager.Your goal should be to keep the
|
| at a lower expense ratio than their
| |
| | list of the things that you're following
|
| normal "Managed" funds. Historically,
| |
| | as small as possible.
|
| Index funds, will outperform Managed
| |
| | If you're following more stocks than the
|
| funds over the long run. In many cases,
| |
| | president has seats of his cabinet table,
|
| you should be able to save, at least, 1%
| |
| | you're probably following too many.Have a
|
| in your annual fees.The more extreme
| |
| | Happy New Year and all the best to you
|
| solution, but increasingly popular, would
| |
| | and your family in 2006.Stephen Whiteside
|
| be to move from mutual funds to exchange
| |
| | is the CEO of the online
|
| traded funds.Exchange traded funds, or
| |
| |
|
| ETF's, are very similar to mutual funds,
| |
| | stock market timing service,
|
| but trade, just like stocks. In fact,
| |
| | TheUpTrend.com, providing investors with
|
| some of the major exchange traded funds
| |
| | daily,
|
| are now some of the most popular stocks
| |
| | weekly and monthly trend analysis, buy &
|
| traded on the major indexes.4. Invest In
| |
| | sell signals, price targets, and
|
| A Mutual Fund CompanyThe best way to make
| |
| | Smart Money Alerts, on over 1,500
|
| money in mutual funds, is to invest in a
| |
| | leading
|
| mutual fund company.5. Avoid The
| |
| | North American companies.Stephen
|
| CrowdMany people save for their
| |
| | Whiteside is the CEO of the online stock
|
| retirement by making regular monthly
| |
| | market timing service , that provides
|
| contributions. This is probably the best
| |
| | Investors with daily, weekly and monthly
|
| way to save for the long-term.
| |
| | trend analysis, buy & sell signals, price
|
| Unfortunately, most people make this
| |
| | targets, support & resistance price
|
| contribution at the end of the month.
| |
| | levels, and Smart Money Alerts, on over
|
| With so much new money entering the
| |
| | 1,500 leading North American companies
|
| market at the end of each month, stocks
| |
| | listed on the TSX, NYSE, and the NASDAQ.
|
