I think there’s a very fine line between investing and gambling. Both an investor and a gambler will take risks but it’s the taking of “unnecessary” risks that separates the two That’s not to say that a gambler can’t win big — I’m sure someone who dumped their entire life savings into Google (NASDAQ: GOOG) when it first went IPO is probably retired today. But on the other hand, a true investor has a clear plan — he/she has a time-frame/exit strategy and understands the importance of diversification…
It’s been a while since my last post. I just wanted to give everyone my general take on 2010. Below is a list of positions I have in various companies. I have also listed some sectors I like for 2010 and sectors I don’t like. Again, this is just my opinion…but I have made my bets on certain stocks that I feel will outperform in their respective sectors…
Categories: General Tags: AACFX, AIB, AKAM, AMAT, ARUN, bac, BZH, c, china, CPBY, EJ, etfc, HBAN, IARAX, IBCA, JGBO, key, LVS, mgm, NYVTX, OKSB, PNC, RAS, rf, RODM, SKBI, sks, SLM, susq, TBBK, TOL, WFD, YHOO
Gold is well on its way to $ $1300 an ounce. It may take some backing and filling, but demand is strong and steady even at these prices. See my article on September 2 which talked about the divergence between gold and regular stocks.
September 22nd, 2009
Anand
Anand (9/27) : I can’t help but be nervous about this rally which is up 50% from the March lows. The price action an breadth has been astounding, but some danger signs still exist. The Chinese market is still consolidating and sitting on the 50 day moving average. RIMM ( a market leader) dumped 17% on Friday on massive volume. BRCM is breaking down on increasing volume. The Dow, Naz, and the Banking Index are all doing fine however, so we need to give the market the benefit of the doubt, even mine!!
September 5th, 2009
Anand
I want to take step back and talk about the very basics. Investing is one means to wealth preservation but savings and spending is yet another. Whatever your circumstance I can think of several cardinal steps in order of priority that must be part of your personal financial plan. [...]
Huh? Well, over the course of their investing/trading life, most traders are lucky if they 1) pick the right stock and direction 2) pick the right price 3) pick the right time to get in and 4) (this is the big one) pick the right time to get out. This only happens more than 50% to [...]
Stocks performed poorly today, with the Dow Jones index down 47 points at 9,496 but off the lows of the day. There’s been a lot of talk about how September is generally a very poor month for the Stock Market, historically. I know that Anand wrote on his previous post that he feels stocks will take a dive of 5% to 10% soon. I don’t completely agree with him on that [...]
More on this later, but China cracked on Friday and the US and other “developed” markets including the US followed suit today. Shanghai has been the leader in the bear market rally from the March low, and it has been down over 20% in four consecutive weekly losses. This bodes ill for the US — [...]
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