Strategy Determines the Right Investment
The year is slightly more than half over and I have read (scanned) plenty of articles on what to expect the second half of the year. Some have been insightful while others useless. This led me back to SectorExchange.com and what we have accomplished the first half of the year. There have been many changes (hopefully for the better) in the site itself, but the theme remains the same - It’s Your Money - Manage IT! I have spent nearly 25 years of my life teaching people about money management and the challenge lies more in desire than time. If you want something bad enough you will spend the time to learn. Thus, the question of the day is how bad to you want financial independence?
If you want nothing to do with this process there is a solution. Simply buy fixed guranteed investments and forget about it. Bank CDs, Treasury bonds, etc. all offer you these guarantees without the pain of managing money. There is nothing wrong with them and my parents generation saved a considerable sum of money using these vehicles. For some of you this is the route you should take if you don’t want to invest the time and energy in managing your money.
For the rest of you - stop looking for the holy grail. There isn’t one! The method or strategy that is best is the one that works for you based on your goals, time, and objectives. Just because someone else finds trading attractive doesn’t mean you have to trade. You need to focus on what you want and let everyone else focus on what they want. I understand what I do best and I stick to it. Yes, the distractions are many. I receive emails all day about how I should trade, invest, use, etc. I read them, file them and thank those who sent them to me. If they work or fit what I am attempting to do with my money, I implement them. If, however they don’t fit or are way off base to what I am attempting to do, I delete them and move towards my goals. Why? Because my number one goal is to achieve what I want in life. Focused effort achieves the goal. Wandering aimlessly and looking for the perfect system or strategy generally ends up getting you lost. Stay focused on what you want from your money, then learn the best strategy for you to accomplish the goal.
If you want help determining what strategy works best for you and your personality we have a subscription service for this at Sector Exchange. Simply call 800-369-5759 for more information. Our goal is to help you find the strategy that best fits you. Too much time is spent on searching for the right investment, when the focus should be on finding the right strategy for you and them implementing that strategy.
Expect more of the same today with the trading range still intact. Support of 875 is the key for now. If we break below that level click on Sectors to Watch to see what and how I would play the move. View the last two or three days of videos on what I see happening if that scenario happens. You will also get some insight into what to do if we bounce off support and head back to the top of the trading range. The goal of SectorExchange.com remains educating you to see the market trends and play them accordingly. This is a tool - not the holy grail. Education is a powerful tool, if you it!
