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Is it Bubble ? The majority of your lifetime investment returns will be determined by decisions that take place during a small minority of the time. Most of those periods come when everything you thought you knew about investing is thrown out the window.
How you invested from 1990 to 1998 wasn’t all that important. The choices you made from 1999 to 2001 shaped the rest of your investing career. What you did from September 2008 to March 2009 likely had more impact on your lifetime investment returns than what happened cumulatively from 2002 to 2007, or from 2009 to 2017.
Bubbles are not like cancer, where a biopsy gives us a clear warning and diagnosis. They are more like the rise and fall of a political party, where the outcome is known in hindsight but the cause and blame are never settled on. Competition for returns is fierce, and someone has to own every asset at every point in time. Which means the idea of bubbles will always be controversial in real time, and in hindsight we’re more apt to blame than learn.
After suffering from financial bubbles for hundreds of years, we still don’t have a good definition of what they are, let alone an understanding of why they happen. Without an easy and logical answer, most bubble commentary shifts to the comfort of attacking others (the Fed, banks, Congress) and, worse, assuming they’re one-off accidents.
We are talking about today is indeed the ‘mother of all malpractices’. And that is ‘The Trap of Free Trials’. Yes, ‘Trials’ or ‘Sample Calls’.
Most of the (in fact all of them as we have not found any advisory company giving no trial service, however some individual analysts do-not give any free trial for promotion of their service) give trial or sample calls. they in fact put on their website prominently (to get your data) or their tele callers cold-call you and provide free trial. so, thus most stock advisory companies are providing/offers ‘trials’ or in other words entice the people to take free trial.
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#Knowledge : SUPER TRADER : MAKE CONSISTENT PROFITS IN GOOD AND BAD MARKETS
Following five steps you must take :
1. Work on yourself and your personal issues so that they don’t get in the way of your trading. This step must be accomplished first; otherwise, those issues will interfere with each of the other steps.
2. Develop a business plan as a working document to guide your trading. This plan is not to raise money, which is the purpose of many business plans.
3. Develop several strategies that fit your view of the big picture and understand how each of them will perform in various market types.
4. Thoroughly understand your objectives and develop a position sizing strategy to meet them. Probably fewer than 10% of all traders and investors understand how important position sizing is to trading performance, and that you meet your objectives.
5. Monitor yourself constantly and minimize the number of mistakes you make. I define a mistake as not following your rules. Thus, for many people who have no written rules, everything they do is a mistake.
“I don’t know too many people who got rich by taking small profits.”
#Technical charts :
#Knowledge: In 1923, nine of the wealthiest people in the world met at Chicago
*Their combined wealth, it is estimated, exceeded the wealth of the Government of the United States at that time*. These men certainly knew how to make a living and accumulate wealth.
What they forgot was how to “make” life while they got busy making money!
*Money in itself is not evil;* it provides food for the hungry, medicine for the sick, clothes for the needy. *Money is only a medium of exchange.*
We need two kinds of education:
a) One that teaches us *how to make a living,*
b) One that teaches us *how to live*.
*There are many of us who are so engrossed in our professional life that we neglect our family, health and social responsibilities.*
If asked why we do this, we would reply that *”We are doing it for our family”*. Yet, *our kids are sleeping when we leave home*. They are sleeping *when we come back home*!! *Twenty years later, we’ll turn back, and they’ll all be gone, to pursue their own dreams and their own lives*.
*Without water, a ship cannot move*. *The ship needs water, but if the water gets into the ship, the ship will face existential problems*. What was once a means of living for the ship will now become a means of destruction. Similarly we live in a time where earning is a necessity but *let not the earning enter our hearts, for what was once a means of living will surely become a means of destruction for us as well.*
So take a moment and ask yourself, “Has the water entered my ship?
What is bubble ? The majority of your lifetime investment returns will be determined by decisions that take place during a small minority of the time.
Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time.
– Warren Buffet