Posted 2/11/2019 21:39 (#7314996 - in reply to #7313441) Subject: RE: Question for the group
1- I want to stay positive and beat inflation but you will have down years but my best year has been over 40% and currently in the double digits this year.
2- When I was younger I liked to do a lot of short term trading and still do some but I have also given up some good returns that way because I sold way too soon. I sold Deere at $90 and short term thought I was a genius but I should have bought more when it dropped below $50. Long term positions are entered when the talking heads say a recession is coming and the market has a pull back ie this January but even then I spread out the purchases and I didn't get as much as I wanted bought before it rallied back.
3- I'am perfectly capable of loosing money on my own I don't need to pay someone to do it for me. Seriously if your are reading this you don't need to pay someone to loose your money. A post the other explained what happens with fees and advisers pretty well. Why pay a adviser when Vanguard is available! I don't believe in supporting commission junkies and the financial services industry is filled with some of the scummiest of the scum of the earth.
4- Been trading over 20 years and this is what I struggle with the most. If I would've never wasted time driving a tractor and farming I might have this figured out. I don't have the the analytical approach that jp and others do with charting but I listen to the news and look at a chart then wing it! Past few years have definitely been investor friendly. Bulls make money bears make money, hogs get slaughtered.