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Started By
Message
50 Unfortunate truths about investing
Posted on 3/11/13 at 3:18 pm
Posted on 3/11/13 at 3:18 pm
Original posted on The Motley Fool by Morgan Housel
LINK
A few favorites:
LINK
A few favorites:
quote:
Not a single person in the world knows what the market will do in the short run. End of story.
quote:
Most of what is taught about investing in school is theoretical nonsense. There are very few rich professors.
quote:
Trust no one who is on CNBC more than twice a week.
quote:
The real interest rate on 20-year Treasuries is negative, and investors are plowing money into them. Fear can be a much stronger force than arithmetic.
7
Posted on 3/11/13 at 4:31 pm to Vols&Shaft83
Those are pretty good. Love the cnbc one.
Posted on 3/11/13 at 4:32 pm to Vols&Shaft83
27. When someone mentions charts, moving averages, head-and-shoulders patterns, or resistance levels, walk away.
Got to call bull s*** on this one. Technicals are very valuable tools. Should they be the only tools used? No, but they are still very important.
Let me add that the longer term a chart is, the better it is to make decisions off of. Trading from short term charts (1 min, 5 min, 10 min, hourly, and even daily) without using long term (weekly, monthly, and yearly) will cause lots of pain.
Got to call bull s*** on this one. Technicals are very valuable tools. Should they be the only tools used? No, but they are still very important.
Let me add that the longer term a chart is, the better it is to make decisions off of. Trading from short term charts (1 min, 5 min, 10 min, hourly, and even daily) without using long term (weekly, monthly, and yearly) will cause lots of pain.
This post was edited on 3/11/13 at 4:36 pm
Posted on 3/11/13 at 7:59 pm to Vols&Shaft83
I read this a while back. I have it posted at work. I'm super lame.
Posted on 3/11/13 at 8:00 pm to Vols&Shaft83
I read this a while back. I have it posted at work. I'm super lame.
Posted on 3/11/13 at 8:53 pm to Vols&Shaft83
The following are a great starting points for most people.
quote:
For most, finding ways to save more money is more important than finding great investments.
quote:
If you have credit card debt and are thinking about investing in anything, stop. You will never beat 30% annual interest.
quote:
For many, a house is a large liability masquerading as a safe asset.
quote:
And what Marty Whitman says about information: "Rarely do more than three or four variables really count. Everything else is noise."
Posted on 3/12/13 at 1:05 pm to Vols&Shaft83
31. The low-cost index fund is one of the most useful financial inventions in history. Boring but beautiful.
Posted on 3/12/13 at 1:07 pm to Vols&Shaft83
1. Saying "I'll be greedy when others are fearful" is much easier than actually doing it.
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