My friends and family think that my intention to earn money by investing in the stock market is a stupid job, no better than roulette in the casino. How can I prove to them that this is not so?
Thank you!
The best way you can show them that stock market investing is superior to gambling is to follow through on your wish and prove you can create wealth through your actions. However, I would hope that proving something to others would not rank high on your wish list. Stock work is incredibly demanding and doesn’t leave much room for trying to justify things for the sake of others with their prejudices.
Years ago, I was accused of gambling, too. I was angry and hurt and also confused. I took a small amount of money and opened a brokerage account with it. Over a period of time I managed to grow that seed into a sizable lump. That was fifteen years ago. I’ve been self sustaining ever since—dependent upon my stock trades. I stopped all other work to devote myself to investment research and trading exclusively.
At times, things are challenging but I’ve learned that the more study I do, the more I read and explore when it comes to preparing to buy a particular stock pick, the better I do. There are times when I’ve got to anticipate the impact of political or geopolitical events on particular holdings. Likewise, there are times to be especially aware of my own network of fears and inner cautionary devices because I wouldn’t want them to control me or those whom I advise in their investment programs.
Key to success, then, is acute awareness of myself and my foibles along with intense understanding of each company’s history, balance sheet, story, management successes and failures, business model, business plan, and above all: I’ve got to have everything committed to memory so that I can call up any bits of important information that might explain lurking success or failure just around the corner.
None of this is dependent upon luck, mind you—it’s rock solid study and preparation. Then again, I’ve never had a losing year. I suspect that those who view stock work as gambling never applied themselves to it as though a dignified profession based on good instincts, intellectual application and level-headed business sense. It is that and far more as it demands much more than I’m capable of regularly producing. For that reason alone, I find it exhilarating and wonderful.
If you’re so inclined, my advice would be to "Just do it!"
Len
I am trading US stock, my Cad. brockrae a/c and activities are in US $. for tax return to convert US $ activity in Cad $ which rate should I take into consideration? Yearly avg. or the exchange rate on the days of buying and selling US stocks?
The rate on the day of each transaction, as given by the Bank of Canada here:
http://www.bankofcanada.ca/en/rates/exchform.html
An IRA, or individual retirement account, is a way Americans can invest for the future via a Roth IRA or traditional IRA. Learn the difference between each type of retirement account and their tax implications with insight from a futures and options floor trader in this free video on investing.
Expert: Mark Griffith
Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange).
Filmmaker: Paul Volniansky
Duration : 0:2:22
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New BREAKOUT STOCK… All Signs Pointing this will have a nice surge higher!
StockMarketVideo.com is the BEST Online Source for stock chart technical analysis trading videos. We provide stock picks using technical stock chart analysis videos for trading stocks and the markets to help improve your stock portfolio.
Duration : 0:2:17
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In this video I show you the most profitable stock chart pattern that is working in the stock market right now.
For more you can get the twofoldformula for picking stocks at http://www.wallstreetwindow.com
Duration : 0:8:45
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March 30 (Bloomberg) — Teddy Weisberg of Seaport Securities talks with Bloomberg’s Laura Lee and Matt Miller about the outlook for the U.S. stock market. (Source: Bloomberg)
Duration : 0:2:25
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http://www.guerillastocktrading.com Citibank stock and the 7.7 billion shares the government announced its selling today. How stock traders can profit in Citibank Stock in 2010.
Duration : 0:3:41
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Shakira sings @ Hope for Haiti Now A Global Benefit for Earthquake Relief.
A brilliant Performance by Shakira. With Reese Witherspoon taking donations at the end of the video.
Quote by Shakira : The destruction and loss of life in Haiti causes us all to take stock in what is really important. This small country has endured so much – more than its fair share of tragedy. I can’t imagine the devastation that has struck an already weakened infrastructure. Critical services needed for recovery, such as schools and hospitals, have been destroyed.
The people of Haiti need our help immediately. Money will be needed to provide urgent emergency relief and I urge everyone who can afford to help to either donate to UNICEFs emergency relief fund at http://www.unicef.org or text the word YELE to 501501 on your U.S. cell phone (this will charge your phone $5 – it will go to Wyclef Jean’s foundation which is playing a major role in the relief effort. For more information, see http://www.yele.org).
We must all act. As a global community, we must be part of the recovery of Haiti and its people.
Thank you.
Shakira
Some of the world’s most popular screen and stage stars joined forces in “Hope for Haiti Now,” a telethon held in New York to raise funds to aid the quake-devastated nation.
http://en.wikipedia.org/wiki/I%27ll_Stand_by_You
” I’ll Stand by You “_____________________________
Written by Chrissie Hynde
in collaboration
with the songwriting team of Tom Kelly and Billy Steinberg
Oh, why you look so sad?
Tears are in your eyes
Come on and come to me now
Don’t be ashamed to cry
Let me see you through
’cause I’ve seen the dark side too
When the night falls on you
You don’t know what to do
Nothing you confess
Could make me love you less
I’ll stand by you
I’ll stand by you
Won’t let nobody hurt you
I’ll stand by you
So if you’re mad, get mad
Don’t hold it all inside
Come on and talk to me now
Hey, what you got to hide?
I get angry too
Well I’m a lot like you
When you’re standing at the crossroads
And don’t know which path to choose
Let me come along
’cause even if you’re wrong
I’ll stand by you
I’ll stand by you
Won’t let nobody hurt you
I’ll stand by you
Take me in, into your darkest hour
And I’ll never desert you
I’ll stand by you
And when…
When the night falls on you, baby
You’re feeling all alone
You won’t be on your own
I’ll stand by you
I’ll stand by you
Won’t let nobody hurt you
I’ll stand by you
Take me in, into your darkest hour
And I’ll never desert you
I’ll stand by you
I’ll stand by you
I’ll stand by you
I’ll stand by you
And I’ll never desert you
I’ll stand by you
I’ll stand by you
And I’ll never desert you
I’ll stand by you….
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Duration : 0:4:57
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Update: April 7 2008:
Since producing this video, I’ve been introduced to and following another investment expert whom I’d like you to know about. Visit www.TrueContrarian.com for more information.
The sub-prime mortgage crisis has led to the bursting of the US housing bubble. What’s next?
Craig Brockie and New York Times best selling financial author and economic forecaster Robert Prechter share how to survive & prosper in a deflationary depression.
Find answers to these questions:
Bull market boom or bear market bust ahead? Recession or depression? Inflation or deflation? Buy or sell? U.S. dollar, Yen, Euro, Amero, gold or silver? Equities or bonds? Can the Fed save the day? Will Ben Bernake and the Federal Reserve print the greenback into oblivion and create a repeat of the German Weimar Republic? Or will we experience another stock market crash followed by a repeat of The Great Depression?
Avoid foreclosure of your home, protect your retirement savings by selling your mutual funds and stocks before the herd, avoid a run on the bank and your insurance company going broke. Sleep well knowing you’re prepared.
Who has the answers? CNBC, Bloomberg, The Wall street Journal, The Economist, The Globe and Mail, or BBC World? How about an interview or panel with Donald Trump, Jim Cramer, Alan Greenspan, Warren Buffet, Doug Casey, Jim Shepherd, Milton Friedman, Naomi Klein, George W. Bush, Hillary Clinton, Barack Obama, Aaron Russo, or Libertarian Ron Paul to save the day?
Should you invest in the NYSE companies, Dow Jones Industrial Average, S&P 500 Index, Nasdaq technology stocks, emerging markets such as China, forex and interest rate derivatives, short selling, put options, call options, commodities, commercial real estate, buy homes with no money down, or sell your house? Who will win the next election — the Democratic or Republican party?
Watch this free video and compare it to what you hear on tv shows, radio programs, Googling the web, or your favorite dvd, Youtube channel or online blog. Or Google “The Great Depression” and educate yourself about “deflation” to save your money and financial well being.
It’s a mad world of conflicting opinions about oil and energy prices, billionaire wealth, billion dollar earnings and merger and acquisition news, and trillion dollar debts. Yesterday’s sell off followed by today’s rally on equities (despite the war on terror) leaves both buyers and sellers confused. What’s the big idea? Small caps, market cap, recap, refinance? Wait, there’s GM, GE, HSBC, UBS, RBC, CIBC, TD, BMO – and plain old BS.
I know this sounds like a George Carlin rant, but I bet he could make more sense of the confusing world of finance than most Wallstreet “experts”, reporters and journalists.
Welcome to my five minute show.
Enjoy!
CraigBrockie.com
Duration : 0:4:55
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The fed inflates our money, reduces our buying power, but at least they can let us know the current level of M3! Also, learn how you too can make a 2,210,369% return in the stock market!
Host: Alexander Paul Morris
Links/Transcript: http://www.vlogolution.com/vlog/archives/9-No-Inflation-You-too-can-make-a-2.2-Million-Percent-return-in-the-stock-market!.html?vid=flv&moMONEY
Duration : 0:4:31
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