and the SEC

Buying a stock or mutual fund is like a driverwho is going down the road at high speed, but isusing looking in the rearview mirror as a guide.He can see fine out the back, but has noidea what is ahead. Sound familiar?

Your broker is going to help you with driving;I mean picking stocks and mutual funds,adidas foot, so yourcar (investment) will stay in the road and notcrash. He is going to send you all kinds ofinformation. You know - green sheets, pinksheets, blue sheets,f50 adizero, full color slick pages,brochures,adidas football, booklets and more: turn right, turn left,doudoune moncler, put on the brake, speed up, slow down. He might even get you in on an interview on the Internetwith the CEO of some company. Wow!

Or you can buy special reports fromMorningstar. They are not too expensive. Thededicated investor might want to visit thecompany headquarters especially if it is a newpublic offering. Of course,adidas foot magasin, the investor mightwant to check out the background of the companyofficers by inquiring at the NASD (NationalAssociation of Securities Dealers) and the SEC(Securities and Exchange Commission) inWashington.

Have any of the corporate officers beeninvolved in other companies that have failed?You can ask these questions and more.

What does all this information mean? Isn? thislooking in the rearview mirror? Some of what youhave found is ancient history and some is notquite ancient,f50, maybe a little mildewed. It issupposed to help the investor get an idea if thecompany is financially sound and is expanding sohe can expect his investment to grow.

Are these guides any good?

Everything is past performance. The requiredimprint according to regulations on every pieceof sales literature is, ?ast performance is noguarantee of future performance? Basically all the information you have is worthless; you are looking in the mirror.

If you invest you should determine before youput any money on the line how much you arewilling to lose. Will you stick with this hummerif it goes to zero or have you determined whatpercentage you are willing to part with if itdeclines? Do you have an exit strategy for bothloss and when to take profit? Most investorshave neither.

Every professional investor I know has an exitplan. He knows how many dollars he will giveback if he if wrong and if his stock selectionis positive he has some idea of a priceobjective or having the price performance tellhim where to sell.

The great secret of the market is not buying.It is selling. Until the investor learns how tosell he will never make money in the market.

Looking at past performance (the rearviewmirror) may make the investor feel better,doudoune moncler pas cher, butit is not the way to keep your investments onthe road to success.

Al Thomas' best selling book, "If It Doesn'tGo Up, Don't Buy It,adidas f50!" has helped thousandsof people make money and keep their profits withhis simple 2-step method. Read the first chapterto receive his market letter for 3 months atwww.mutualfundmagic.com to discover why he'sthe man that Wall Street does not want you toknow.

Comments to al@mutualfundmagic.com

Copyright Albert W. Thomas All rights reserved.


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