Financial concept: Diversify. No one path leads to investment success. Posted on 09/25/2015 4:35:16 AM PDT by expat_panama
1. “When you come to the fork in the road, take it.”
Financial concept: Diversify. No one path leads to investment success.
2. “It’s like déjà vu all over again.”
Financial concept: Expect volatility. Market gyrations are nothing new; don’t let them freak you out.
3. ”I knew the record would stand until it was broken.”
Financial concept: Ignore hyperbolic headlines. Things are never as good or as bad as today’s headlines suggest.
4. “We made too many wrong mistakes.”
Financial concept: Stop doing what hasn’t worked. Investing is about homework and discipline, not hot tips and hunches.
5. “It’s tough to make predictions, especially about the future.”
Financial concept: Prepare for the unexpected. Your investment plan should be able to see you through differing economic climates.
6.”We’re lost, but we’re making good time.”
Financial concept: Don’t confuse trading with investing. Short-term thinking is often the enemy of long-term financial success.
7. “The future ain’t what it used to be.”
Financial concept: Ignore the doomsayers. Bear markets are periods of time when people who think this time is different sell their assets to people who know this time is never different.
8. “If you don’t know where you’re going, you’ll end up someplace else.”
Financial concept: You need a map. Before you invest, it’s important to know what you’re trying to achieve so you can monitor your progress toward your goal.
9. “It ain’t over till it’s over.”
Financial concept: Plan for longevity. You are likely to live longer than you think, and you don’t want to run out of dollars before you run out of heartbeats.
(Excerpt) Read more at forbes.com ...
There will never be another like him.
I’ve heard him talk about his Yogi-isms. People would ask him to say one and he’d say they just happen. “I don’t even know I’m saying them. It’s just the truth.”
A merry morning everyone! Yeah, I know stocks hung another distribution day on the line yesterday (now at five for both NASDAQ and S&P) but right now (2 hrs before opening) the all knowing futures traders say they'll make up for yesterday's third of a % drop w/ a nifty +1.16%! They're leaving metals down -0.30% although gold and silver's atm priced up at $1,144.55 and $15.12. The big deal today is [drum roll] GDP final! [cowbell/rimshot]. OK, but we also get the GDP deflator (inflation fed style) and Economic Sentiment.
More news:
R.I.P. Yogi Berra : )
That's a lot of talk covering various economic topics and trends. Any particular part can be trotted out to CYA no matter what happens over the next few months. "Janet Yellen said in her Sept. 24 Amhearst speech...."
Opinion: Stock investors haven’t been this bearish in 15 years
By Mark Hulbert
Published: Sept 25, 2015 5:01 a.m. ET
Bearishness has reached an extreme not seen at least since the top of the Internet bubble in early 2000.
Yet this is a bullish omen, according to the inverse logic of contrarian analysis: Extreme levels of bearishness indicate that there is a very robust “wall of worry” for the market to climb.
They should have made Yogi the head of the Fed. He didn’t drone on for hours to say something. ;^)
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