The Financial Investor Is Waiting For News From The Fed For The Remainder Of The Year
The state of the economy and of the market is a never-ending topic among investors and around water coolers across the country. What will the Fed or Board of Governors or the Open Market Committee do to improve the economy?
And of course, there is someone with an opinion on every corner and around every water cooler. But there are some givens in any economic environment. Even this one.
Timing the market is an illusion. No one wants to hear that, except perhaps those who already know it. Still, it is tempting to try. And of course no one talks about when it does not work, only when it seems to.
What if you kick the habit and actually do not try to time the market? Just do your investing like a clock. Sell at whatever level you have decided on in advance. Ignore the daily news that is only the current version of the spin.
Worry would become a thing of the past. You would actually follow the plan. Money would be invested on a schedule. Gains and losses would be taken on predetermined amounts or time periods. My, this is boring, and safe.
Kicking the habit means not caring what the spin is up to this morning. The daily propaganda would seem quite irrelevant. Oh you might want to keep up with what was happening in business of course. You could skip the smoke and mirrors. Adrenaline would become a distant memory.
But it is all so boring. It lacks glitz. And you would be yawning all the way to the bank. The news would have no hold on your adrenaline ducts. There you would be. Financial plan charted out. Revising it on the basis of what a company or fund was actually doing. Sleeping well would be something new would it not?
Article Source: FxTradingStock.com
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by: Grega Horvat
Total views: 32
Word Count: 317
Date: Sat, 18 Sep 2010
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