Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Bottoms Ups > NetSparsh - Viral Content you Love & Share

Bottoms Ups

If you have talked to a stock broker or financial planner in the last few days I will bet they all agree that there are some great bargains out there and now is the time to start buying in anticipation that the market will go back up. You will also find agreement from the talking heads on CNBC and those talk radio station stock mavens. No one says sell. It looks like bottom pickers heaven.

A year ago when the Nasdaq was 2000 points higher they were telling you the same thing. Buy. Buy. Buy. If they are so smart to get you to buy now then why weren't they smart enough to tell you to sell when it was way up there? There are two basic rules for professional traders: never let a profitable trade go to a loss and never take a large loss. The talking heads are either not professionals or don't understand their business.

Since the beginning of the year the tech stocks have lost 34% and from last year they are down from the highs 65% and it looks like they are going lower. Isn't it time to end the bloodletting and sell? The problem with the small investor is he doesn't believe he has a loss until he sells. Wall Street has taught him that the market 'always comes back'. Folks, not this time.

All classes of mutual funds have posted losses in the first quarter of 2001 for the first time since 1980.

Has your broker or financial planner called you to sell out to go to the safe haven of a money market fund? I will bet he hasn't. Unfortunately these "experts" are not taught to protect your capital. They will watch their customers' account dwindle away 30%, 40% 50% and more and never do anything about it. It isn't their money. It is yours. You have to take the responsibility to guard it. The average broker has 300 clients. Unless you are a 7-figure account you will not receive any attention. Of the 77,000,000 mutual fund owners in the U.S. 80% of those accounts have less than $50,000. Their advice is either none or bad.

We know the economy is slowing down and has been since early last fall. The market was continuing to go up in anticipation and was ignoring underlying facts. The emotional enthusiasm was carrying it to new highs almost every day. Of course, Mr. Greenspan didn't help anything by raising interest rates when he should have known better. It is the brokers' job to sell stock and make commission, but it should also be his job to advise the neophyte investor to protect his capital.

The trend is your friend. The trend is down. It is still not too late to sell and put what's left of your cash in a money market account. Forget about your losses. That money is gone. You must protect what you have left. Never try to pick the bottom. There are no "bargains" at this level. Cash is the best position right now.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

This week's Mutual Funds and ETF stories
MarketWatch
Correction? What correction? Stock price declines are so last week. As financier J.P. Morgan once dryly observed, “The market will go up and it will go down, but not necessarily in that order.” Here's the thing to remember about market declines. They ...


Madison.com

The 3 Best Healthcare Mutual Funds in the Past Year The Motley Fool
Motley Fool
The Eventide fund blew away the competition over the past year, using a research method based on company fundamentals to identify the stocks most likely to rise in value. The fund pays close attention to clinical trials and the feedback that companies ...
The 3 Best Healthcare Mutual Funds in the Past YearNasdaq

all 1 news articles »

Best And Worst Q1 2018: Technology ETFs And Mutual Funds
Seeking Alpha
State Street Technology Select Sector SPDR (XLK) is the top-rated Technology ETF and Fidelity Select Communication Equipment Portfolio (FSDCX) is the top-rated Technology mutual fund. Both earn a Very Attractive rating. ARK Innovation ETF (ARKK) is the ...


Investor's Business Daily

Some Mutual Funds Look For Hot Stocks Abroad
Investor's Business Daily
"Many investors believe that Europe and Latin America and places like Japan have the potential for even stronger earnings growth than the U.S. in coming quarters," said Tom Galvin, lead manager of $4.3 billion Columbia Select Large Cap Growth (ELGAX ...


Hybrid Funds: Why Now Isn't the Best Time for These Alternative ...
Motley Fool
Most investors like to own a mix of different investments. Those who use mutual funds are used to having multiple types of funds at their disposal to give them exposure not just to broad asset classes like stocks and bonds, but also to more targeted ...

and more »

NJ.com

The risk of stocks vs. mutual funds
NJ.com
GE is a household name and yet this decrease in value greatly hurts your total return in a small stock portfolio, Feit said. When an individual buys a diversified equity mutual fund or exchange-traded fund, he will get broad market exposure among ...


What Wall Street Worries? Stocks Make a Comeback
Wall Street Journal
The share of individual investors who think the stock market will rise over the next six months jumped 12 percentage points to 49% in the week through Wednesday, according to the American Association of Individual Investors. Outflows from U.S. stock ...


Bloomberg

China Is Said to Call on Companies, Mutual Funds to Boost Stocks ...
Bloomberg
China has urged controlling investors in listed companies to boost their holdings and some mutual funds to limit equity selling this week, according to people familiar with the matter, as officials seek to stem the impact of the stock selloff.

and more »

Vanguard investors kept their cool during stock-market turmoil
MarketWatch
Vanguard managers have even turned down multimillion-dollar investments in its mutual funds if the potential client admits the position will be a short-term one, as the firm would rather discourage speculators than get the inflows (and resultant fees ...

and more »

Fear is Creeping Back into Stocks, Shining a Light on Gold
Fox Business
The recent monster stock selloff is why I frequently recommend a 10 percent weighting in gold, with 5 percent in bullion and jewelry, the other 5 percent in high-quality gold stocks, mutual funds and ETFs. What began on Friday after the positive wage ...

Google News

A Personal Stock Market Investment Philosophy

∙ Make every investment in the stock market a long-term... Read More

Stock Trading - Daddy, Why Arent We Rich?

One Saturday morning, while he was sitting at his computer... Read More

Market Timing?

The recent criminal fiasco in the mutual fund industry is... Read More

Investing in the Stock Market

From the book 'The Stockopoly Plan' by the author Charles... Read More

Why Stock Is More Risky Than Options!

You probably have been told that options are risky. Even... Read More

Trading vs Investing

I often hear from people, "I don't trade. I invest.... Read More

Long Term Financial Vehicles

Investing in long-term financial vehicles give you the most gains... Read More

How to Pick Winning Stocks

There is nothing more exciting than finding an undervalued stock... Read More

Stock Investment Advice

Stock investment advice is easy to find. Do you get... Read More

Stock Market Investments

If there is one term over-used when talking about making... Read More

Stock Market Volatility

In my opinion, due to the volatility of stock market... Read More

Mr. Market

I constantly hear the talking heads on CNBC-TV, the radio... Read More

Bargain Basement - Finding Stocks That Go Up

Have you been listening to the talking heads on CNBC-TV?... Read More

How to Read an Annual Report

Every publicly traded company is required by the SEC(Securities and... Read More

Overseas Investing: Going Against the Mainstream

TOO OFTEN, INVESTORS SIMPLY CHOOSE TO follow the crowd. This... Read More

Is Active Trading The Answer?

One of the main reasons many of us get into... Read More

Seecrets on Investment: Tired of Making Huge Losses in the Stock Market ? Part 2

Fundamental analysis.Fundamentals analysis says the best way to predict the... Read More

10 Tips For Creating Wealth From the Stock Market

1. Do not spread your money too thin.My friend has... Read More

What Are You Waiting For?

Do you own any mutual funds? In an IRA or... Read More

Two for the Money

Look back over the years and try to remember how... Read More

Robert Rodriguez Weathers the Stock Market

Robert Rodriguez likes to buy stocks at their lows. When... Read More

Mutual Fund Honor Roll ? Buy High, Sell Low by Chasing Performance

Buy high and sell low -- It's not a typo.Millions... Read More

Living Trust Investing: Income Considerations when the Grantor Dies

A common problem I often see when working with living... Read More

A Common Misconception about Stock Prices

I cringe every time I hear a novice investor tell... Read More

More Window Dressing

Two weeks ago I wrote about what the Securities and... Read More