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Taking Responsibility For Your Fiscal WellnessPosted by Roth-IRA-401k on: 2006-01-19 09:50:55 in category:
Retirement Planning News [ Print | Permalink / 0 Comment(s) ] Taking Responsibility For Your Fiscal Wellness Brett Fogle Investor's responsibility when he is alone in the market. In today's market environment, the best remedy for this situation is for you to get more involved in your own investing decisions. The problem is that most individual investors do not have the knowledge, resources, or time to spend doing their own research, stock selection, execution, and position management. The development and expansion of the internet has solved part of this problem in that the internet now provides timely information and resources, right at the fingertips of the individual investor. Earnings reports, income statements, balance sheets, charts, graphs, research, chat rooms, and even CEO video conferences are easy to obtain online. Now, investors have all the tools necessary to make their own decisions. However, for many the problem still exists. Why? Because, all the tools in the world are no good to you, if you don't know how and when to use them. The truth of the matter is that most investors are not qualified or properly trained to interpret the use of these tools, and are therefore ill equipped to use them in making their own investment decisions. So now what should investors do? The answer is to find someone to help you help yourself. Not to make your decisions for you, but to assist you in making your investment decisions and to help educate you as to the `how` and `why. ` You need to become more involved, and the first step in the involvement process is education. Education is the key to successful investing for the individual investor in the market of the future. All of us who invest in the stock market know that there are three possible outcomes after we make a stock purchase. First, the stock can go up and this is generally a good outcome. Second, the stocks can go down and this is usually a bad outcome. Third, the stock can go nowhere - which is also generally a bad outcome. It is bad because not only could you have put that money to use in something with less risk that might have produced a return, but you also incurred commission costs on the way in and out which added to your loss. So, we see that there are three things that can happen when you take on a new stock position, and two of them are bad. Now, what if we tell you that by employing a certain strategy correctly, you can improve your chances dramatically? Instead of having two of three scenarios possibly go wrong, you would have two of three scenarios that could go right. And, the third scenario, the bad one, wouldn't be nearly as bad. It can happen by using just one of the many strategies involving teaming stocks with options. Sound interesting? Great, but let's start at the beginning and build a solid foundation first. About the author: ) 2005 Brett Fogle Brett Fogle is the founder of The Options University which teaches traders options trading strategies for safer investing and explosive profits! You can discover how to protect your investments with the leveraged power of options & learn how to trade options like the pros... Visit us online at http://www.optionsuniversity.com to learn more! Recommended Websites Open Community Website http://www.business-business.biz http://www.investment-investment.us http://www.retirement-retirement.com Recommended Websites Your custom Retirement Planning. http://www.retirement-plan.us For planning an IRA Rollover this is the website to review. http://www.ira-rollover.us Professional asset allocation and the wonders it can do. http://www.asset-allocation.us Money Managers selected to fit your needs. http://www.money-managers.us Manager with strong national performance rankings. http://www.durig http://www.roth-ira.us |
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