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max your 401k to $17.5k limit, max your roth ira to $5.5k limit. save emergency fund. save for cash car. save for downpayment on house. pay off all loans. save for vacation. save for house repairs.
after you do with all that above and you still have some money to invest, then you can buy stocks if you want to.
Nuthin' I just didn't think prospecting for clients was appropriate for this forum. Maybe it is, I dunno.
The OP hasn't solicited any services, so his thread is still appropriate for this forum... I think you added me to your ignore list, but it's okay, insecurity issues... I understand lol.
i thought i would add a new philodophy i am realizing is very true.
this came to me from one of the few very successful traders i know of.
we all know the saying buy low and sell high. great idea but rarely can anyone really do it consistantly or even well. in fact that theory is single handedly responsible for more lost money than anything else in my opinion. traders usually follow the wrong advice.
there is another saying " objects in motion stay in motion , until they hit something .
falling prices tend to feed on themselves and go lower until they don't. know one knows what low is because we all thought low in 2008-2009 was when the market first fell 1000 points.
well that momentum turned into 5000 and 6000 points. people lost their shirt trying to buy low.
a better saying is buy high and sell higher. when that trend is already moving up that upward momentum may be the better time to buy . buy high and sell higher may be a whole lot more profitable but you never hear that.
in a world of probability odds are you will do better buying high and selling higher as part of that trend already in motion . more money is lost trying to buy low when folks think things have fallen enough only to find that the momentum takes hold of them and pulls them down way way lower. many bail out with stop losses or lose money in panic.
buy low sell high is in direct contrast to "don't fight the trend"
why don't we hear buy high and sell higher?? real secreats are just that, secreats .
when it come to financial advice the people who know don't tell , and the people who usually tell don't know.
anyone who knows a way of improving their odds has no reason to tell anyone else their little secreats . what benefit is it to them??
think about it.
Last edited by mathjak107; 07-25-2013 at 03:52 AM..
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