Casino Mogul happened in 2002. To find out if your name is on a Casino blacklist one would have to contact the casino. The stock market has gone virtually nowhere for 10 years, they complain. While the market occasionally dives and may even perform poorly for extended periods of time, the history of the markets tells a different story. My Uncle Joe lost a fortune in the market, they point out. Many people will find that hard to believe.
Here’s a simple conclusion If you’ve been avoiding the market because you believe it’s a casino, think twice. Those who invest carefully over the course of many years are likely to end up as very happy campers…notice, we didn’t say gamblers. They will justify outrageous P/E’s by talking about a new paradigm. Or, they’ll bail out of stocks at the worst possible time by insisting that this time, the end of the world is really at hand. 5) Take advantage of periodic panics to load up on shares you really like long term.
It isn’t easy to do, but following this advice will vastly improve your bottom line. 6) Remember that it’s not different this time. Whenever the market starts doing crazy things, people will say that the situation is unprecedented. But, after you’ve bought the stock, continue to monitor the news carefully. Don’t panic over a little bit of negative news from time to time. Nearly every company has an occasional setback. At the very least, know how much you’re paying for the company’s earnings, how much debt it has, and what its cash flow picture is like.
3) Do your homework. Study the balance sheet and annual report of the company that’s caught your interest. Read the latest news stories on the company and make sure you are clear on why you expect the company’s earnings to grow. If you loved this post and you would like to receive details regarding australian online casino assure visit the web site. If you don’t understand the story, don’t buy it. 4) Be patient. Predicting the direction of the market or of an individual issue over the long term is considerably easier that predicting what it will do tomorrow, next week or next month.
Day traders and very short term market traders seldom succeed for long. If your company is under priced and growing its earnings, the market will take notice eventually. The reason is obvious: over time, good companies grow and make money; they can pass those profits on to their shareholders in the form of dividends and provide additional gains from higher stock prices. Over the long haul (and yes, it’s occasionally a very long haul), stocks are the only asset class that has consistently beaten inflation.
As a result, they invest in bonds (which can be much riskier than they presume, with far little chance for outsize rewards) or they stay in cash. The results for their bottom lines are often disastrous. Here’s why they’re wrong: If investors can earn 8% to 12% in a money market fund, they’re less likely to take the risk of investing in the market. At the same time, money markets and bonds start paying out more attractive rates.
