Investing isn't brain surgery regardless of what financial talking heads try to tell you. If you think they know what's going on, why didn't they see this financial crisis coming? Why didn't they get all their clients out before the fall?
HA! It's because they aren't as smart as they would like you to believe they are. They want to make you believe that they know what's going on, remember, they are professionals; however, all the talking heads are telling you now is to "hold!"
OK, so what are the 2 simple rules for successful investing?
1. Don't believe anything Wall Street or associated financial types tell you. This includes the very stupid "buy and hold" strategies that financial types tell their clients, but DO NOT follow themselves.
a. Use the great "dollar cost averaging" concept, and
b. Use the "sell in May, go away; come November, reassemble"
2. Do your own homework. Learn something about investing every week and don't assume that it's to hard to understand. That's financial types trying to scare you. Investing is not that tough to understand. Both the Wall Street Journal and/or Investors Business Daily have excellent "common person" references on understanding investment.
If you give up your control to someone that supposedly has your best interests at heart, you are going to be sadly disappointed. They have their own best interests at heart. You need to take control, not be afraid of investing, just take it one step at a time.
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