Conner - this is genius - so well put: βThe distractions I referenced earlier would then be an added layer of distraction upon an already tempting body of distraction.β
Man i can totally relate to a lot of the negative traits in this article. I micromanaged my way into missing the most raging bull market in history for years. Iβd have a few good trades and instead of letting them run a little volatility would shake me out. Iβd put the money into something else and inevitably end up in the red at the end of the year. When I deleted twitter my portfolio immediately started performing better. When I deleted my E*trade app on my phone I really started making money. I check my investments once a week at most and things are much better. I do my research on companies I want to invest in, deposit the money, buy the stock and forget about it (for the most part). I may log in and find the market has fallen apart but that risk is still better than the alternativeβ¦ being my own worst enemy and losing money no matter what happens.
I have too, which I why I wrote this. I think we all get sucked into this. Iβve found similar experiences to you as well. I always try to remain as insulated as possible, just focus on myself, stacking new inflows into the portfolio, and only occasionally branch into the public void to get some context or information.
Itβs a constant balance. We are our own worst enemies. Thanks for taking the time to share this today.
Try this: Whenever the S&P 500 index, as represented by ETF (SPY) is over its 45 Day Simple Moving Average, stay with it. When SPY drops below its 45 Day Simple Moving Average, sell and go to something like (TLT) or cash. (QQQ) the NASDAQ ETF has outpaced SPY in recent years,so that may be a better vehicle to try this model on.
There are lots of βSystemsβproposed to βBeat the βMarketβ, but most fail because of our own nature and lack of ability to remain consistent with one that works like analyzing the Fundamentals to pick stocks, plus most of us do not have the financial knowledge or patience to learn and find what works like Price to Cash Flow as a dominant measure to select individual stocks.
Probably best for most of us to stick with an ETF like SPY,QQQ, or DIA or a combination.
Conner - this is genius - so well put: βThe distractions I referenced earlier would then be an added layer of distraction upon an already tempting body of distraction.β
Appreciate it James, thanks for taking the time to share that ππΌ
Man i can totally relate to a lot of the negative traits in this article. I micromanaged my way into missing the most raging bull market in history for years. Iβd have a few good trades and instead of letting them run a little volatility would shake me out. Iβd put the money into something else and inevitably end up in the red at the end of the year. When I deleted twitter my portfolio immediately started performing better. When I deleted my E*trade app on my phone I really started making money. I check my investments once a week at most and things are much better. I do my research on companies I want to invest in, deposit the money, buy the stock and forget about it (for the most part). I may log in and find the market has fallen apart but that risk is still better than the alternativeβ¦ being my own worst enemy and losing money no matter what happens.
I have too, which I why I wrote this. I think we all get sucked into this. Iβve found similar experiences to you as well. I always try to remain as insulated as possible, just focus on myself, stacking new inflows into the portfolio, and only occasionally branch into the public void to get some context or information.
Itβs a constant balance. We are our own worst enemies. Thanks for taking the time to share this today.
Try this: Whenever the S&P 500 index, as represented by ETF (SPY) is over its 45 Day Simple Moving Average, stay with it. When SPY drops below its 45 Day Simple Moving Average, sell and go to something like (TLT) or cash. (QQQ) the NASDAQ ETF has outpaced SPY in recent years,so that may be a better vehicle to try this model on.
There are lots of βSystemsβproposed to βBeat the βMarketβ, but most fail because of our own nature and lack of ability to remain consistent with one that works like analyzing the Fundamentals to pick stocks, plus most of us do not have the financial knowledge or patience to learn and find what works like Price to Cash Flow as a dominant measure to select individual stocks.
Probably best for most of us to stick with an ETF like SPY,QQQ, or DIA or a combination.
Fully agree.
I own a decent bit of ETFs for stupidity insurance.