This site is for gaining insight into investing for your self
Everyone is an entrepreneur for their own financial well being. The problem is that we all need guidance in those area about which we are uninformed. Not everyone has the time or inclination to study the stock market but we are all subject to its vascillations whether or not we care or even know what is going on there. For some of us, the stock market is a great entertainment and we love following it as it goes to and fro. This is one of my passions and I want others to avoid the mistakes I made during my learning process. I hope you gain some insight and profit by reading my thoughts about the economy and the markets.
S&P 500 Stock Index The last 6 months courtesy Barchart.com
Good morning. Yesterday the market rose slightly after the break but did not violate the support on the low of the day. Therefore, the trend remains upward. That may change today however as the futures are down again this morning. All fundamentals remain positive so far, so the decline is emotional and possibly just profit taking. I haven’t heard about any major political event so far to justify it.
Interest rates are dropping some from what they were a month ago. Very Bullish sign because it implies liquidity may increase. Economically this is not good but it is good for the market.
This blog is my attempt to let my friends and others to know what my current opinions are for the stock market and the economy in general. I welcome all to take what I say into consideration when deciding in which stocks should be part of their portfolio. I am presenting several model portfolios, including a smaller, more advanced portfolio for those who have limited funds. My Basic Portfolio currently has 18 stocks and is diversified through very stable vehicles through aggressive issues. My High Yield Portfolio is built on stable, low volatility stocks, bonds, and ETFs that show long term stability and consistent returns. I am presenting these suggestions hoping that the reader improves his or her returns. I intend to increase the number of portfolios for other investors who may not like these. The beauty of the market is that one can develop as many portfolios and there are investors. Many people have different goals and restraints than others. And when these portfolios need to be revised, I will do that as quickly as I can.
I am also going to present my take on the current economic situation in which we find ourselves. I have been studying economics for almost 40 years. I have a post graduate certificate in Economics and my degree is in Business Management. Economics and the market (both stock and commodity markets) has been my major interest for that time. I was a commodity and option broker in 1988, but I left the business because I found that I am not a salesman and chose to devote myself to other opportunities. I am a devotee of the Austrian School of Economics without hesitation. For those of you who know about this particular school of Economics, you know that it is devoted to freedom and voluntary exchange. I intend to devote space to these ideas occasionally, and hopefully the readers will profit intellectually by reading about how Capitalism and voluntary exchange make everyone better off.
If you find this helpful, please pass along a link to this blog and leave me some feedback. Also, I have some products you could consider. Sales of these products will help me to keep this blog going. If you want to, let me know what kinds of thing you think I should be offering on this site. Let me know if you have any questions or comments that could help to improve this site. I would be happy to consider anything you may have to say, and I promise to take into account all suggestions.
My investment philosophy is simple: I both technical and fundamental analysis in the attempt to determine what direction the market should take. I use both styles to determine the best securities to buy, and technical analysis to determine when to buy and sell. I do this on the basis that in my experience, that this is the optimum combination of analysis to maximize returns and reduce risk. I will provide my reasoning when giving any analysis. I am also going to provide charts and explain what the charts mean. This is to provide education to the reader about these important techniques.
The reader should know that I am not currently licensed to either sell securities or provide professional advice. I may get the license again someday but for the time being, I choose not to. Be aware that investing in stocks include risk of varying levels and the reader acts based on my opinions at his or her own risk. As is often quoted, stock values can reverse direction at any time and analysis based on past performance cannot be completely relied upon for future returns. I recommend using stops to limit potential losses.
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