I charted the past three months of daily price action on the Dow Jones Industrial Average ($INDU) this week. In some ways I was surprised that the Dow made it above 14,000 and closed above it for the week. On the other hand I’ve made a bunch of bullish trades recently so I guess I was expecting…
Gold Mining Stock Picks
The October 1st issue of Barron’s had an article focusing on gold mining companies. I’ve only traded a gold stock once before. It was Ivanhoe (IVN). I think I made a few dollars as it bounced past $4. A friend of mine recommended it as he had already made a killing in precious metal stocks and thought gold…
Four Stages of a Successful Investor – Stage Four: Options Investors
Continued from yesterday’s stage three post. Stage Four – Options Investors Most investors do not make it past stage three. The reasons can vary from a lack of knowledge regarding options, fear of the risks of options (I’ll debunk this fear in a minute) or just a state of being content with the gains they are making…
Four Stages of a Successful Investor – Stage 3: Stock Investors
Continued from yesterday’s stage two post. Stage Three – Stock Investors Whether it’s after a few months or a few years, successful investors often grow tired of the evils of mutual funds and move towards making their own individual investments. They might have gotten a taste of the better gains through ETFs and now want to see what…
Four Stages of a Successful Investor – Stage 2: Mutual Fund and ETF Investors
Continued from yesterday’s stage one post. Stage Two – Mutual Fund and ETF Investors After saving up some money to invest, the next decision is where to put it to make more money than a CD or savings account can make. For many, the first stop is mutual funds. They have the best marketing and continually tell…
Four Stages of a Successful Investor – Stage 1: Saver
Successful investors evolve through four stages: Saver, Mutual Fund & ETF Investor, Stock Investor, Options Investor. I’ve identified these four stages as the primary path for many investors. This is clearly a generalization as I understand that some people inherit money and can skip the first stage. Others may never become options investors and can still be extremely…
Month End Summary – September 2007
September was very very good to me. I increased my account balance by approximately $7,500 including the $4,000 deposit I made at the beginning of the month. It’s crazy to see that kind of gain in one month for me with the type of investing I do. I’m all about the slow and steady, but a lot was down…
NASDAQ Composite ($COMPX) Chart
I haven’t charted the NASDAQ Composite Index ($COMPX) here before now. I think I might have taken a good time to give it a look. The chart I’ve drawn shows the past year of the NAZ’s weekly price action. The high of last week coincides with two lines I drew, the overall high from July…
AT&T (T) Wants to Buy Echostar (DISH)
The rumors have been floating around for a while that AT&T (T) planned to extend their reach into people’s houses with a better TV offering. Now it appears Echostar (DISH) is the target. T wants to pay around $55 per share while DISH doesn’t want to take less than $65. DISH closed yesterday at $43.47. I’m…