12 {{ upvoteCount | shortNum }}
12 {{ upvoteCount | shortNum }}

The Stock Market & Internet Marketers

by PMinc
10 replies
How many folks on the WF counter-balance their IM efforts with a stock trading streamline?

The other day I heard Ken McCarthy stating he feels the market is not a wise place to be.

What's your take?
#internet #market #marketers #stock
  • Profile picture of the author PPC-Coach
    The stock market is gambling. I used to be a financial advisor for 5 years before I got into IM full time. Analysts do not know anything except historical numbers and their guesses are usually wrong. It's a crap shoot. You're best off finding a mutual fund that has beat the market average and put everything into it, then take it all out once you're up. If you leave money in the market all the time, you will eventually lose all your gains. (The firms call it a market "correction".)

    Buying individual stocks can be very profitable or you can lose your shirt. I've followed the advice of the analysts and they've let me down time and time again. You've got to be a good guesser and know when to get out.

    I prefer playing blackjack as the odds are about the same and at least i get some enjoyment in sipping free drinks while gambling with my money.

    Signature
    {{ DiscussionBoard.errors[3029047].message }}
    • Profile picture of the author PMinc
      Originally Posted by PPC-Coach View Post

      The stock market is gambling. I used to be a financial advisor for 5 years before I got into IM full time. Analysts do not know anything except historical numbers and their guesses are usually wrong. It's a crap shoot. You're best off finding a mutual fund that has beat the market average and put everything into it, then take it all out once you're up. If you leave money in the market all the time, you will eventually lose all your gains. (The firms call it a market "correction".)

      Buying individual stocks can be very profitable or you can lose your shirt. I've followed the advice of the analysts and they've let me down time and time again. You've got to be a good guesser and know when to get out.

      I prefer playing blackjack as the odds are about the same and at least i get some enjoyment in sipping free drinks while gambling with my money.
      See that's the thing - so long as people hone their instincts and keep a firm finger on the pulse of the market, I don't understand why this income stream is frowned upon.
      Signature


      {{ DiscussionBoard.errors[3029076].message }}
  • Profile picture of the author myob
    The last two years I have been making a killing in the stock market as well as in real estate, but you will probably never see a huge opportunity like that for quite a few more years unless the economy takes another beating. However there are still opportunities in some sectors. Here is a small sample of how I did, despite all the so called "experts", LOL!

    http://www.warriorforum.com/off-topi...tml#post109351
    {{ DiscussionBoard.errors[3029053].message }}
  • Profile picture of the author PPC-Coach
    I'm not frowning upon it. I'm just calling it what it is. It's gambling. Nobody can predict the future. You have to guess at what the next big market moving event is going to be and have your ducks in a row BEFORE it happens. Then you need to get out BEFORE it peaks and takes its drop.

    I lost too many people too much money following the advice of my firm and their experts. So yeah I'm very jaded about it. I still don't own a single individual stock right now. I just can't do it. I do own some bonds though. Bit more stable and the income is nice.
    Signature
    {{ DiscussionBoard.errors[3029097].message }}
    • Profile picture of the author myob
      But, there are cycles. A lot of people lost in the stock market when the DOW for example dropped two years ago to below 10,000. But in large measure, if they had done nothing and just held on, they would be ahead now. Even better if they had invested.
      {{ DiscussionBoard.errors[3029176].message }}
      • Profile picture of the author SantiSantana
        The way I see it the best way to handle thestock market is to find the bluechip company with the best dividend, buy your stocks and hold on to them for the long term, reinvesting all the dividends into more of the same stock.

        I have read many times that the real money in stocks, long term is in the dividends.

        Of course this excludes cyclical explosions after a bear run or bubbles (like the dotcom one in the late nineties) which then explode, which means you have to keep an eye on them.

        MOst people are just not mentally ready to enter the stock market though, so most ar eprobably better off looking for a historically overperforming mutual fund or simply getting a tracker which over performs most managed funds and has much smaller commissions on it..

        Disclosure: most of this information which I hve taken as a mantra can be read and discussed by following the "fools" at fool.com and reading everysingle interview given by Waren Buffett (I still recall the one in which he predicted with astonishing detail the subprime debacle back in late 2005/2006, he relly knows his stuff).
        Signature

        Writer for hire

        {{ DiscussionBoard.errors[3029239].message }}
        • Profile picture of the author alphaxyz
          Originally Posted by SantiSantana View Post

          The way I see it the best way to handle thestock market is to find the bluechip company with the best dividend, buy your stocks and hold on to them for the long term, reinvesting all the dividends into more of the same stock.

          I have read many times that the real money in stocks, long term is in the dividends.
          this is what Robert Kiyosaki said long ago (not that he is the god of stock trading but because he presented some great ideas) IMHO.
          {{ DiscussionBoard.errors[3029583].message }}
  • Profile picture of the author success1618
    The stock market is gambling. I used to be a financial advisor for 5 years before I got into IM full time. Analysts do not know anything except historical numbers and their guesses are usually wrong. It's a crap shoot. You're best off finding a mutual fund that has beat the market average and put everything into it, then take it all out once you're up. If you leave money in the market all the time, you will eventually lose all your gains. (The firms call it a market "correction".)
    Very true, in almost all instances. The problem with the industry of Stocks and Financial Markets is that the players are rarely the ones making the money, its the brokers and software companies that sell reactive technical indicators that only tell you what the market has already done, that make all the money. If your serious about getting involved with the stock market, knowledge is key. Empower yourself and you shall have success.

    A gentlemen / lady I study with however, has shown me way over 1000 times, live forecasts and in person of with accuracy way over 98%, Gann is considered one of the most renowned public traders of all times using unconvential methods only pulling accuracy up to 92%. Then again he also lacked access to computers, or any modern technological benefits. Actually I can not remember a time he / she has been not been dead on with less then a point of deviation. The strategy he / she uses is far from the norm, but if you wanted to check out the methodology used. This would be the place to do it. As a trader seeking financial freedom, I know this is the last door for me once I have mastery. Network marketing was actually something I picked up many years earlier to supplement income. Anyway, as a trader and a very grateful user of this forum, this is the only door I recommend you look down.

    jacefinancial at yahoo
    {{ DiscussionBoard.errors[3207646].message }}
  • Profile picture of the author brandon2664
    I only put my time, money, and effort into things I have control in. Therefore I don't think I will ever gamble in the stock market.

    Facebook is gonna IPO soon and that is very enticing to me.
    {{ DiscussionBoard.errors[3207674].message }}

Trending Topics