Monday, 31 December 2018
Quote for the day
“While end of the year is approaching you, let you start cleaning your heart & soul beginning from deterging your own dirty & filthy attitudes, behaviors, habits & meaningless lifestyle. Let you scrub out all the accumulated stains of your regrets, selfishness, annoyances & resentments from your soul. Let you wipe away all the leftover parts of the past that are unwanted & may restrict you from moving into the next year with confidence. Let you completely remove all the clutter from your schedule & your mind to create more space to focus on what is truly important. Let you do all you can to live at peace not only with your world but with yourself also & resolve all your conflicts quickly to lead a happy & blessed life. Stay Beautiful & Successful!” - Rajesh Goyal
Sunday, 30 December 2018
There Is No Santa Claus For Traders
By Steve Burns
I have good news and bad news for new traders and new investors.
First the bad news:
1. There is no Santa Claus for traders.
2. There is no kid with a fancy sports cars that can show you an easy way to trade penny stocks or crypto for millions.
3. There is no Holy Grail trading system that wins every time.
4. There is no best way to trade only the best way for you to trade or invest.
5. About 90% of active traders lose money.
6. You can’t trade for a living with a few thousand dollars.
7. 20% annual returns is near the best for most traders and investors.
8. You have drawdowns in capital as well as returns.
9. You can have losing days ,weeks, months, and even losing years.
10. You can’t expect to start trading and instantly make money it is usually a big learning curve.
Now the good news:
Now the good news:
1. There are trading systems that are profitable over the long term.
2. There are many successful traders you can learn from on social media for free.
3. There are many ways to make money in the markets.
4. Your search is for the best way for you to make money in the market.
5. About 10% of traders make life changing money, eventually.
6. You can reach financial independence from trading if you have enough capital and/or keep your living expenses low enough.
7. Compounding 20% returns doubles your money every 3.6 years.
8. You can minimize your drawdowns through proper position sizing and risk management.
9. You can have a losing day but a profitable week, You can having a losing week but a profitable month, You can have a losing month but a profitable year. Long term results are what are most important.
10. You can overcome the learning curve of trading by doing the right homework and creating a trading system with an edge that fits your personality and beliefs and then trade it with discipline and perseverance over the long term for life changing success.
There is no Santa Claus that will give you huge success with little effort but there are financial markets that contain huge opportunities for those willing to do the work.
Source: www.newtraderu.com
Quote for the day
“Your dignity can be mocked, abused, compromised, toyed with, lowered and even badmouthed, but it can never be taken from you. You have the power today to reset your boundaries, restore your image, start fresh with renewed values and rebuild what has happened to you in the past.” - Shannon L. Alder
Saturday, 29 December 2018
20 simple, but obvious, reminders about sound investing
By Jake DeKinder
With so much uncertainty flying around I thought it might help to remind ourselves of some fairly simple, and some would say obvious, advice on investing.
Sometimes as investors we need to be reminded of the simple and obvious stuff as it is often forgotten amongst all the noise, opinions, and predictions that are out there!
P.S. I’m no different…I still need to remind myself!
4. Any investment strategy with high expected returns should come with the expectation of ups and downs. The more risk the bigger the ups and downs.
5. A good investment strategy will always have periods when it falls in value. During these times it doesn’t become a bad strategy.
6. Risk can change shape or form, but it never really goes away.
7. There’s no such thing as a perfect portfolio, asset allocation or investment strategy.
8. No investor is right all the time.
9. No investment strategy can outperform at all times.
10. “I don’t know” is almost always the correct answer when someone asks you what’s going to happen in the markets.
11. If you invest in index funds you cannot outperform the market.
12.If you invest in active funds there’s a high probability you will underperform index funds.
13.If you are a buy and hold investor (as we are) you will take part in all of the gains but you also take part in all of the losses.
14. For buy and hold to truly work you have to do both when markets are falling (i.e. rebalancing your portfolio)
15. Proper diversification means always having to say you’re sorry about part of your portfolio.
16. There is no signal known to man that can consistently get you out right before the market falls and get you back in right before it rises again.
17. Compound interest is amazing but it takes a really long time to work.
18. Sound investment advice doesn’t really change all that much but most of the time people don’t want to hear sound investment advice.
19. Successful investing is more about your behaviour and temperament than your IQ or education.
20. Don’t be surprised when we have bear markets or recessions.
Source: http://www.brettinvestment.com
Sometimes as investors we need to be reminded of the simple and obvious stuff as it is often forgotten amongst all the noise, opinions, and predictions that are out there!
P.S. I’m no different…I still need to remind myself!
1. If you need to spend your money in a relatively short period of time it doesn’t belong in an investment portfolio linked to the stock market.
2. If you want to earn higher returns, you’re going to have to take more risk.
3. If you want more stability, you’re going to have to accept lower returns.
4. Any investment strategy with high expected returns should come with the expectation of ups and downs. The more risk the bigger the ups and downs.
5. A good investment strategy will always have periods when it falls in value. During these times it doesn’t become a bad strategy.
6. Risk can change shape or form, but it never really goes away.
7. There’s no such thing as a perfect portfolio, asset allocation or investment strategy.
8. No investor is right all the time.
9. No investment strategy can outperform at all times.
10. “I don’t know” is almost always the correct answer when someone asks you what’s going to happen in the markets.
11. If you invest in index funds you cannot outperform the market.
12.If you invest in active funds there’s a high probability you will underperform index funds.
13.If you are a buy and hold investor (as we are) you will take part in all of the gains but you also take part in all of the losses.
14. For buy and hold to truly work you have to do both when markets are falling (i.e. rebalancing your portfolio)
15. Proper diversification means always having to say you’re sorry about part of your portfolio.
16. There is no signal known to man that can consistently get you out right before the market falls and get you back in right before it rises again.
17. Compound interest is amazing but it takes a really long time to work.
18. Sound investment advice doesn’t really change all that much but most of the time people don’t want to hear sound investment advice.
19. Successful investing is more about your behaviour and temperament than your IQ or education.
20. Don’t be surprised when we have bear markets or recessions.
Source: http://www.brettinvestment.com
Quote for the day
“One of the hardest and truest things a grown-up learns is that sometimes it's not okay.”
- Christopher Buehlman
- Christopher Buehlman
Friday, 28 December 2018
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