Posts Tagged ‘advise’

Get Out Now!

Wednesday, June 3rd, 2009
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Well, actually, I think you should consider it heavily first. What got me excited was to see an investment newsletter article that was recommending what to get out of without having already charged folks to tell them to get into it. But, this is cheap and lazy investing, not cynical investment advice reviewing, so I’ll just point you to the article that prompted my thinking on this topic over at Investor Place.

I haven’t done the research on their recommendations yet. I will say, when it comes to consumer stocks, I always expect the run to be a fad, try to find it on the way up, and then figure a point where I can get out with a small profit and what I call “free stock”, which means that I managed to sell enough of the stock I bought within a year to profit 15% (to cover the taxes) and still have stock to hang on to. If the stock goes down, I’m not really out anything except the satisfaction of “I told you so”. This only failed once, with Washington Mutual. If I had dumped it all, I would have doubled my money in 14 hours. Instead, I had a one day high, and now own stock that would cost more in commission to sell than I could get for it. Maybe 20 years from now, people will collect loser stocks like cars that didn’t sell well.

YATTL

Friday, May 29th, 2009
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Yeah, I just made that one up: Yet Another Top Ten List. The Dolan’s have much more time to write (or borrow) content than I do. Keeping up my lazy rep, I’m just going to link to their list of free top ten articles on their site for May. You can be cheap by just reading them, and lazy by only following the parts that make cents.

Get it From the Shorts

Tuesday, May 26th, 2009
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Interesting article at InvestorsPlace.com today about how the folks that play the shorts can make you some short money on longs. I like the idea, as I’m too lazy and cheap to do shorts myself. The article is attributed to LearningMarkets.com, which appears to have some good info for those who want to learn how things works in the trading world.

Cheap Education on Being Cheap

Tuesday, May 26th, 2009
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Eventually, probably, I will have some money-saving tips on this blog. Probably even a page devoted to it. I have been looking for ways to save money as soon as I had my second penny (the first one did not inspire me as it did not go “clink” against anything yet). In the meantime, you can subscribe to http://www.dolans.com/. The are not the do-all end-all of saving money, and you will get a flood of other emails from subsribing, but in general they have some good advise for free. Being the cheap guy that I am, I never look at any of their fee services, and rarely look at their free advise as most of it is old news to me. But it may not be to you, and I did say “most”, not “all”. Any newsletter is worth my time if I get one idea or learning from it. If that is all I get for a very long stretch I will drop it, which has to do with being cheap with my time and too lazy to read everything.