Blogging works for me on two levels. Firstly, I enjoy writing, always have. Secondly, the brief, simple posts work well with my short attention span. I also read a lot of Blogs. Again, works on two levels. Firstly, I enjoy reading about new stuff. Secondly, the brief, simple posts work well with my short attention span. Do I hear ADD?
Because I believe that the majority of Blog readers also tend to be short in the attention department, I try to have each post fit a single screen...otherwise I suspect you lose them before they read the whole thing. Hey, I'm not trying to write the Great Canadian Novel here, but when you put it out there, you do hope somebody reads it.
Because of my ADD my investment research tends to be brief and sporadic. I've mentioned using Globe Fund & Morningstar for fund research. I read several Internet financial pages and a number of financial Blogs. As you can guess, because of numerous mentions, when I'm at home BNN is on in at least two rooms.
In all the years that I've been investing I've only read one book on the subject...and I'm guessing that many of you read the same book. The Wealthy Barber by Michael Chilton was loaned to me years ago by finance guy. I think he had a dozen copies and circulated them among his clients. This entertaining, well written book must have been commissioned by the Mutual Fund Industry. Surely it was difficult to read it and not be convinced that you just had to get into funds.
I don’t remember much about the book. I do however, remember the message about when to invest in funds and when to get out. Chilton’s strategy was simple. Get into funds when you’re young, continue adding through your working years by taking advantage of dollar cost averaging and get out when you’re old. What’s this about getting out? Again, the message was simple. Chilton’s advice was to pick a time, when the markets are up, somewhere around 5 years before your planned retirement date and get the heck out! Why? Simple. Don’t be greedy and risk the possibility of a market meltdown devastating your nest egg close to your planned retirement date. Got it? Young Guys In, Old Guys Out!
FOUR QUESTIONS:
Lots… Lots… Lots and NONE!
IMPORTANT REMINDER:
Nothing on this site should ever be considered to be advice, research or a suggestion or invitation to buy or sell any securities. Every investor should do their own research and consult their own finance guy. See full DISCLAIMER.
Because I believe that the majority of Blog readers also tend to be short in the attention department, I try to have each post fit a single screen...otherwise I suspect you lose them before they read the whole thing. Hey, I'm not trying to write the Great Canadian Novel here, but when you put it out there, you do hope somebody reads it.
Because of my ADD my investment research tends to be brief and sporadic. I've mentioned using Globe Fund & Morningstar for fund research. I read several Internet financial pages and a number of financial Blogs. As you can guess, because of numerous mentions, when I'm at home BNN is on in at least two rooms.
In all the years that I've been investing I've only read one book on the subject...and I'm guessing that many of you read the same book. The Wealthy Barber by Michael Chilton was loaned to me years ago by finance guy. I think he had a dozen copies and circulated them among his clients. This entertaining, well written book must have been commissioned by the Mutual Fund Industry. Surely it was difficult to read it and not be convinced that you just had to get into funds.
I don’t remember much about the book. I do however, remember the message about when to invest in funds and when to get out. Chilton’s strategy was simple. Get into funds when you’re young, continue adding through your working years by taking advantage of dollar cost averaging and get out when you’re old. What’s this about getting out? Again, the message was simple. Chilton’s advice was to pick a time, when the markets are up, somewhere around 5 years before your planned retirement date and get the heck out! Why? Simple. Don’t be greedy and risk the possibility of a market meltdown devastating your nest egg close to your planned retirement date. Got it? Young Guys In, Old Guys Out!
FOUR QUESTIONS:
- How many of us took a huge hit in the past few years?
- How many of us postponed retirement plans because of it?
- How many of us came out of retirement and went back to work because of it?
- How many of us received a call from finance guy, when the markets were at their peak, suggesting that the time had arrived to move away from funds, lock in the gains and preserve our capital?
Lots… Lots… Lots and NONE!
IMPORTANT REMINDER:
Nothing on this site should ever be considered to be advice, research or a suggestion or invitation to buy or sell any securities. Every investor should do their own research and consult their own finance guy. See full DISCLAIMER.
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