By Michael Turner, Louis Navellier
10 takes you step-by-step during the strategy of making a market-beating inventory portfolio, and exhibits you ways to alternate shares utilizing a mixture of either primary and technical research. With this publication as your consultant, you will quick the right way to get right into a inventory on the correct time and, extra importantly, whilst to go out that place. you are going to additionally detect how one can view the industry and interpret what's taking place on a broader scale, so that you can maximize gains on person positions and improve the general functionality of your portfolio.
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10 takes you step-by-step in the course of the technique of making a market-beating inventory portfolio, and exhibits you ways to alternate shares utilizing a mix of either primary and technical research. With this e-book as your advisor, you will speedy how to get right into a inventory on the correct time and, extra importantly, whilst to go out that place.
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Extra resources for 10: The Essential Rules for Beating the Market
Now, let’s look at what happens when arrogance rears its ugly head. I want to say here that it is a good thing to be happy about your portfolio’s performance. But when happiness turns into arrogance, consistency in making profits becomes a thing of the past. And it is so easy to let arrogance come into your thinking. When your portfolio has several weeks of strong, consistent profits, you begin to say, “I haven’t picked a bad stock yet. ” Along the way, you begin to tire of following a disciplined approach to investing.
This means that you would be putting too much faith in your hunches or what you hear on TV every evening or what your broker told you or what your golfing buddy said. You must do your own fundamental research, and you must do enough to make an intelligent and informed opinion, but don’t overdo this research. Don’t spend too much effort, either. Too much research on a company can lead you to buy the company’s stock because you have invested so much of your time researching it. You will begin to justify the purchase of stock because, either consciously or subconsciously, you have already invested so much of your valuable time that you will want to justify that effort by owning shares in the company.
We saw how greed kept him from making a profit by keeping him in a certain stock too long. We saw how fear and ego caused him to make terrible mistakes that cost him 50 percent of his investment. When greed manifests itself, it becomes an all-consuming, propelling force. You no longer take the appropriate time to analyze your decisions. indd 10 9/23/08 9:31:12 PM Introduction 11 rules. All you can think about is profit—big profits. Anything else is not satisfying. Errors in judgment are the result of the momentum of greed.