How to Understand Money – Journals of Doc Surge

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Apr 30

Investing Principles Made Simple

by Chris Billows in Business Beller 0 comments tags: How to Understand Money, Smart Money Management

You do not need to be an accountant or a financial wizard to handle your investments. There are some basic principles to follow, known as the KISS principle. KISS is generally know to stand for “Keep It Short & Simple” but I think the acronym can also apply to investing: K – Keep invested I – Invest in stocks S – Self-direct your investments S – Small investments possess an advantage K – Keep invested and don’t become discouraged There are lots of people who enter the stock market, get burned, drop out, and then hand their finances over to a broker or mutual fund seller. That is the wrong thing to do. Losing money in the stock market is all a part of learning how to invest. I have lost thousands on bad investments but I have also made more thousands on good investments. I still come out ahead because the good investments are that much better and I have invested wisely. The worst thing I could do is become discouraged and drop out of the market. Investing is like any skill. It takes practice and knowledge to master. You need to keep investing and learning. The trick is […]

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Jan 29

How to Pick the Right Stock Picking System

by Chris Billows in Business Beller 0 comments tags: How to Understand Money, Smart Money Management

Just like there are thousands of stocks to pick, there are hundreds of stock picking systems. And more are being created all of the time. But just like most stocks, most of them are not worth your time. This article will tell you what is wrong with most stock picking systems and what to look for in a system that works. There are basically three fundamental mistakes that need to be avoided. They are: 1) Choosing a system that is too narrow. 2) Choosing a system that is too broad. 3) Choosing a system that is too inflexible. Mistake #1: Picking a System that is too narrow Some systems will base their entire strategy on just technical indicators, multi-day candlestick patterns, or some form of divergence. The problem is that all of these systems are only using two factors: price and volume. Imagine if you were about to invest in a horse that competed in racing. Would you be satisfied with only the weight and speed of the horse? No matter how you graphed those two variables, they are only two criteria. You should also be interested in the breed of the animal, the competition it was racing against, the […]