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  Wednesday July 30th, 2014    

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The Alchemist (11/03/2010)
By Al Thomas

I HOPE, I HOPE, I HOPE I CAN RETIRE

I can’t tell you how much money you are going to need when you retire. If the amount is not enough it is not ‘when’, but ‘if’. You may have to keep working and hope one of those greeter jobs is available at Wal-Mart.

Were you in a savings plan back in 2000? How about 2008? At that time did you have a broker or were the funds being added monthly to a 401K being managed by some “expert” you had not met? Did your account diminish (I tried to use a nice word) by 30, 40 or 50%? No one protected your assets.

At this point you may have learned you could have done as well, maybe even better than that “expert”.

If money is in a 401K or other plan you have very little control and fund managers don’t want to let you know what that is. When the general market heads down (and it will again) you have the option to transfer funds to a money market account. They don’t pay much, but they also don’t lose 40 or 50%.

When the market bottoms and starts up the investor has most of his cash and can buy again. Those signals are easy to see, but brokers and fund managers won’t tell you about them.

The first rule of investing is not to lose money. Successful investors know that the secret of the market is not buying. Any fool can buy. The secret is selling.

Learn how to keep profits and stop losses.

Fund managers tell their clients they should figure on a 7% or 8% annual return. Follow the old Buy and Hold method that has proven not to work; that is what your broker or fund manager wants.

Investors must learn to use stop losses to prevent huge drawdowns of their portfolios. When any equity is purchased the buyer should know how much he is willing to lose if it goes down instead of up. And keep that loss ratio moving up as the equity makes money. Don’t give back profits.

Buys and sell signal are easily seen using a 200-day Moving Average. One can be drawn on any computer at www.bigcharts.com at no charge. When the line turns down SELL. When the line turns up, BUY. Plot this Moving Average against any mutual fund for the past 10 years and see how it has kept smart investors out of

the market when it was going down and had them in the market when it was going up.

You can do this yourself with no help (?) from a broker. In fact, you know more than 90% of all the brokers. You have control of your money.

Now you have more than hope.

Al Thomas’ new book, “If It Doesn’t Go Up, Don’t Buy It!”, 3rd edition, has helped thousands of people make money and keep their profits with his simple 2-step method. The method made 10% during 2008. Read the first chapter at http://www.mutualfundmagic.com and discover why he’s the man that Wall Street does not want you to know.

Copyright 2010 Williamsburg Investment Co. All rights reserved.

 

 

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