[NFBCS] CNBC Investing Club Accessibility

Tue Jul 26 02:25:07 UTC 2022

Richard and Peter,

I mostly agree with both of you.

With  respect to Richard’s comment about wealth managers, I’ve tried a few over the years.  Most of them were recommendations from a family member who is a financial advisor.  My experience was that none of these “managers” made me a penny, but they were quick to take their commissions and fees. Those experiences, along with reading a Cramer book or two, made me want to manage my own accounts.

One of the things I’ve come to realize over the years is that sentiment rules.  And one technique to gauge sentiment is with candlestick analysis.  Since I have a small amount of vision left in one eye, I can see a very large candlestick chart.  So I tried MetaStock but it wasn’t very accessible.  But when I was doing the trial, I came across  a candlestick methodology by Steven Bigelow (candlestickforum.com).  But here too, accessibility is a major issue.  And so, after trying trendspider.com and tradeideas.com to no avail, I wrote my own software which is accessible.  I am now trying to follow Bigelow’s practices along with Cramer’s advice.  The one thing I’m trying to do is protect the down side at all costs rather than not just buy and hold forever.

My portfolio consists of both ETF’s and stocks with a little over 20% in cash waiting for the market to fall further before investing more.  I hope I won’t need to touch this account for 7-10 years.

There’s no perfect answer for individual investors who are competing with large institutions armed with AI.  But I hate to just turn a blind eye to a wealth manager or fully invest in ETF’s.

Thanks,

Dan.

From: NFBCS <nfbcs-bounces at nfbnet.org> On Behalf Of Richard R. Thomas via NFBCS
Sent: Monday, July 25, 2022 4:27 PM
To: NFB in Computer Science Mailing List <nfbcs at nfbnet.org>
Cc: Richard R. Thomas <richardrthomas48 at gmail.com>
Subject: Re: [NFBCS] CNBC Investing Club Accessibility

Hi:

I agree.

Seeking Alpha is another source of good information at a price.

I liked the articles from some of the pros and the analyst call transcripts.

Over the past 60 or so years the people who invested in funds, I like index etf funds as well, have retired with nice nest eggs.

A secretary I know retired with about a million after investing in American Funds for about 40 years.

Another, medical helper with no college, with 2 million.

My father in law, 1 million from funds and insurance funds which I don’t recommend, note he would have had allot more but for having  had 8 children – phew!

The people who invested money every paycheck in stocks, bonds, real-estate and preferreds have done quite well and beat inflation over their lifetimes.

I do know folks who like, love, the excitement of trading and some of them make a little money but not on a regular enough basis so the reinvestment of proceeds can grow exponentially.

Even with index funds or other “safe” products you have to keep an eye on management, holdings, tax efficiencies  and  technology political and world economic trends these days.

But that is light years easier than trying to pick your own portfolio and add the complexities of Financial Statement  analysis, competition, management, economic sector implications and global events impacting only a sector or industry you may be in and don’t forget about things like margins and ratios andclient or general public sentiment changes.

Oh ya, keep an eye on analyst forcasts, only quality analysts you have vetted,  listen carefully parsing any info oout of earnings and analyst calls every quarter or so.

Then keep your fingers crossed you didn’t miss some small news article that was not popular and not published on most financial sites. 

This needs to been done every day for good results, every week may work for high quality companies.

I had the absolute best preferred and it should be solid for decades.

Guess what, a private group bought it out but left the preferreds trading on NYSE.

OK, but sec rules say you can not buy this company unless you are a professional working for a company andthat means they can offer whatever low price they want and get that gem for pennies on the dollar, sigh.

I caught the article, sold and picked up a  nice profit but late runners are going to lose their shirt.

Don’t forget about dark pools that can pull a trade right out from under you using fractions of a penny all the time using high-frequency artificial intelligence to snag your potential profits you already bid on.

This is a really bad situation if your issue is lighThis is tly traded.

I picked up Disney and Boing which were down over 50 percent as a long-term speculative gamble but also have laddered into Vangard technology fund starting at 30 percent off highs and picking up a few more at about 378 or  39 and have offers out for even lower prices which may happen if we get a recession.

Keep an eye on inflation, workforce participation and unemployment changes to see when we may get another good buying opportunity before the FED turns around.

If you cant doo all of the above in the next few hours then stay out of the markets unless you just like the action and go with low-cost index funds andperhaps alternative investments if you are well connected.

Richard R. Thomas (Rick USA)

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From: Mike Gorse via NFBCS <mailto:nfbcs at nfbnet.org> 
Sent: Monday, July 25, 2022 2:09 PM
To: Richard R. Thomas via NFBCS <mailto:nfbcs at nfbnet.org> 
Cc: Mike Gorse <mailto:mike at straddlethebox.org> 
Subject: Re: [NFBCS] CNBC Investing Club Accessibility

There are other services out there aimed at helping people to pick 

individual stocks (Motley Fool for instance). But I just buy index funds 

and stay away from trying to trade or pick individual stocks or time the 

market. It's easier that way, and I'd be a lot better off if I'd 

consistently done that when I was younger. Even actively-managed mutual 

funds managed by professionals usually don't beat index funds in the long 

term, which tells me something.

On Mon, 25 Jul 2022, Richard R. Thomas via NFBCS wrote:

> 

> Hi Folks:

> 

> I have been looking at the CNBC club.

> 

> Allot of advertising for it, not much detail.

> 

> The cost is pretty high for some recommendations and news letters.

> 

> Kramer seems so so as a long term investor and offers allot of trades, think taxes and possibly trading or trading related costs.

> 

> I ask if you are looking to run your own money or looking for a place to invest for long goals like retirement.

> 

> The stock market is a tretchorous place for non-professional financial types.

> 

> If you don’t have degrees in high-tech investing and, or, financial Analysis or Accounting, I recommend letting a pro run your serious long-term money.

> 

> You can learn to invest but you will be competing with Masters and PHDs from the likes of Harvard, Stanfford, Michigan, MIT and others.

> 

> Today trading uses high-frequency automated tools making it almost impossible to be a trader without competitive tools and the education to use them.

> 

> That said, investing can be done and you can make money investing, not trading speculation – at least in my  experience.

> 

> I know a blind programmer working on a artificial intelligence driven software package over in India.

> 

> He has been at it for a little over a year but so far his many versions have not made him a buck.

> 

> He may  succeed, I hope so since he is a friend of about 20 years.

> 

> But, his algorithyms must compete with those built and used by the Harvard and MIT math, cs and financial types  I mentioned above.

> 

> I have my family members, Masters degrees in Psych and Rocket Science from Michigan in ETFs for their retirement funds.

> 

> That is also the direction I am heading with my risk assets, I am 74 and tired of managing a portfolio and maintaining the necessary tools.

> 

> If you want a fun and exciting hobby and don’t do sports betting, the stock market is a real gut wrencher or super high depending on your level of investment and your results.

> 

> But if you are looking to save for retirement and want your money to make money for you, look at a professional alternative.

> 

> We can discuss stock picking if you want or how to pick good funds or other products for longer investments depending on your goals.

> 

> again, What are your investing ggoals?

> 

>  

> 

> Richard R. Thomas (Rick USA)

> 

>  

> 

>  

> 

>  

> 

> 

> 

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