| |
| |
|
Stocks & Mutual Funds Information |
|
|
|
Stock Chart Reading
As an investor you will want to checkout any equity before you buy it. Many investorsgo to Morningstar which is one of the largestproviders of mutual fund information in the world.It is assumed that their information is correct.After all that is what you are paying for. Recently the SEC (Securities andExchange Commission) called them on the carpet fornot correcting an error within a reasonable time(whatever that is according to the SEC). Everyonemakes errors and this was no big deal. It seems that when you went to theirsite and drew up a chart or asked for statisticson Rock Canyon Top Flight mutual fund it failed tonotify the potential buyer that the fund hadissued a very large dividend of approximately 25%and the NAV (Net Asset Value) dropped from $15 to$11 to reflect the $4.00 dividend. When you ask for a chart of this fundon MarketWatch, Yahoo, TheStreet or Bloomberg theyonly post the NAV and do not make any adjustmentfor the dividend or capital gains distributions.Looking at the chart it appears the fund fell outof bed. Because I look at so many charts I knewimmediately that this was a distribution and notsome calamity. It is best to call the fund toverify this. Most funds that make dividend and capital gainsdistributions usually do so in December, some inNovember and very few at other times during theyear. Some nitpicker called the SEC and madea complaint about Morningstar. Not that I am a bigfan of them (in fact I think their reports areworthless) they get their price information fromother sources such as the above. If you are notfamiliar with the requirement of mutual funds todisburse their profit before year end you might befooled when you see the price suddenly drop. This is important for potentialinvestors. I caution everyone to get a chart onthe Internet of at least a one year performance ofany mutual fund before buying. It is better to goback to year 2000 to see if the fund manager wasable to keep from losing money during the last 4years. Almost none of them could so they bamboozleabout how they did better than the S&P500 Indexwhich had a huge loss of 50% and remains down 25%from those highs at this time. Don't fall for thatone. Once again I caution that any purchaseshould have an exit plan. One of the basic rulesof investing is never to lose a lot if you arewrong. Small losses will not ruin your portfolio,but big losses can ruin your retirement. Set yourloss limit (5%, 10% or ?) and stick with it. Charts can help you withbuying/selling decisions, but check out theiraccuracy as charting is not an exact science. Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make moneyand keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street doesnot want you to know.
MORE RESOURCES:
Stocks-Mutual-Funds - Google News |
|
|
|
RELATED ARTICLES
How To Be A Winner Everyone who invests in the stock market wants to be a winner. Each person's definition of a winner will be somewhat different, but there is hardly one who isn't looking for that stock that will double in price within one year. Protectionism First let's see what protectionism is. According to Mr. What the SEC Really Thinks About Mutual Funds! Let's go into the details of why non-indexed mutual funds are such a bad deal. When Arthur Levitt became the head of the Security Exchange Commission in 1993 he had to sell off all of his individual stocks so that people would not claim that he was doing any dirty inside dealing. Is Active Trading The Answer? One of the main reasons many of us get into investing is to become financially independent. Who isn't trying to amass a portfolio with enough income to ensure that we don't have to work when we should be playing golf or traveling the world. VooDoo Training For the Stock Market If you go to Haiti or other places in the Caribbean you may run into the Voodoo tradition of magic. There are long and mostly noisy rituals with the medicine man spouting words that bring great power and conjure up whatever it is the supplicant desires. Some Good News for A Change Before we get into all the good news out there, let us first take a look at what the term "news" really means. By definition, the term "news" means the exception to the norm. Inverted Interest Rates Inverted interest rates? What's that? Who cares? Even if you don't understand what Mr. Greenspan is saying (and almost nobody does) it is important to you because it could mean you might lose you job next year or have to cut back on some of the things you want to acquire. Swing Trading Strategies Using Swing Trading Strategies and Technical Analysis when Trading Stocks to Make Consistent Trading Profits.This article is one small part of a series of lessons using Swing Trading Strategies and Technical Analysis developed by WD Gann which are designed to show how anyone can build a profitable Stock or Commodity trading business from scratch. On Line Stock Trading: Small Cap & Micro Stocks Go Up and Down - How Can You Profit? Success in small cap & micro cap stock trading like with any other business in life comes from being able to see the big picture and from paying attention to the small details.Let's say for example that you are a business owner and you have a jewelry store on a given street just like the guy in the other corner does, but still the other guy is making 5 times more profits than you are only because he's doing something different. Stock Valuation using the SMP Model Disclaimer:Please note that I do not necessarily purchase, own, or partake of any of the securities or other financial instruments mentioned in this article. I also do not take any responsibility for any actions resulting from any actions taken by anyone who reads this article. Stock Trading - Daddy, Why Arent We Rich? One Saturday morning, while he was sitting at his computer studying the market, David's 7 year old daughter came up, tugged at his shirt sleeve, and said, "Daddy, why aren't we rich?" He looked his child in the eye, and thought to himself, what a great question - Why aren't we rich?As she stood there expectantly waiting for an answer, he struggled to come to terms with the realization that, although he had focused his complete attention on trying to create wealth for more than 10 years, he had never actually made any real headway.He had bought and sold many Stocks and several properties over those years, but had never made any real money. Wal-Mart: Discount Store, Discounted Stock? As GuruFocus updates the stock buys and sells of gurus, Wal-Mart (WMT), the discount retail giant, stands out as the stock with a high ValueRank (7 out of 10). Just recently, Clipper Fund's James Gipson and T. Gold Fever Right now there doesn't seem to be any "gold fever". Very few are out looking to strike it rich in this sector. Why Change Funds? On November 17 I bought 7 different mutual funds and went to a 100% invested position. One of the funds I bought was Robertson Stevens Information Age (RSIFX) and it has made money as have the other six. Stocks Options Trading Let's assume that you want to make some serious money and you have chosen to take things into your own hands rather than depend upon a "professional trader" to make your trading decisions. This is usually only recomended if you can afford to lose the money that you are trading with, and you appreciate the fact that there is much more upside potential with this added risk. Low Expense Ratio One of the big advertising kicks today from mutual funds is to tell how low their expense ratio is and that you will make a great deal more money if you buy and hold with them. Partly true, but that is not the whole story. Does Japan Matter? For the last 12 years we have seen the Japanese stock market slowly sinking from a high of 38,000 to about 8,000, more than a 75% loss and very close to the price of the Dow Jones Industrial Average. Why should we care about their stock market?Please understand that the stock market price is a reflection of the overall economy of a country. Why the Majority Fail at Stock Investing The gleam and bright lights of Wall Street lure in many new investors each year, only to send them home crying to their friends and family. Why do so many people fail when it comes to the stock market? The reason is very simple: Hard work! Most people are looking for a quick buck or a fast path to riches. NASDAQ 800? In November of 2000 when the NASDAQ was trading at 3000 I wrote in this column that the NASDAQ Index would fall to 1500 and I got lots of heat for saying it. Microsoft had fallen from $129 to $60 per share. True Investment Road Maps If you don't know where you are going any road will get there. After you get there you might not like where you ended up.
|
Sponsors: Chicago Paving Contractor | Remanufactured VTL | Religious Statues | Search Engine Specialist
