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--></style></head><body lang=EN-US link=blue vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>Hi:</p><p class=MsoNormal>I agree.</p><p class=MsoNormal>Seeking Alpha is another source of good information at a price.</p><p class=MsoNormal>I liked the articles from some of the pros and the analyst call transcripts.</p><p class=MsoNormal>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.</p><p class=MsoNormal>A secretary I know retired with about a million after investing in American Funds for about 40 years.</p><p class=MsoNormal>Another, medical helper with no college, with 2 million.</p><p class=MsoNormal>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!</p><p class=MsoNormal>The people who invested money every paycheck in stocks, bonds, real-estate and preferreds have done quite well and beat inflation over their lifetimes.</p><p class=MsoNormal>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.</p><p class=MsoNormal>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.</p><p class=MsoNormal>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.</p><p class=MsoNormal>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.</p><p class=MsoNormal>Then keep your fingers crossed you didn’t miss some small news article that was not popular and not published on most financial sites. </p><p class=MsoNormal>This needs to been done every day for good results, every week may work for high quality companies.</p><p class=MsoNormal>I had the absolute best preferred and it should be solid for decades.</p><p class=MsoNormal>Guess what, a private group bought it out but left the preferreds trading on NYSE.</p><p class=MsoNormal>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.</p><p class=MsoNormal>I caught the article, sold and picked up a nice profit but late runners are going to lose their shirt.</p><p class=MsoNormal>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.</p><p class=MsoNormal>This is a really bad situation if your issue is lighThis is tly traded.</p><p class=MsoNormal>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.</p><p class=MsoNormal>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.</p><p class=MsoNormal>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.</p><p class=MsoNormal>Richard R. Thomas (Rick USA)</p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Sent from <a href="https://go.microsoft.com/fwlink/?LinkId=550986">Mail</a> for Windows</p><p class=MsoNormal><o:p> </o:p></p><div style='mso-element:para-border-div;border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal style='border:none;padding:0in'><b>From: </b><a href="mailto:nfbcs@nfbnet.org">Mike Gorse via NFBCS</a><br><b>Sent: </b>Monday, July 25, 2022 2:09 PM<br><b>To: </b><a href="mailto:nfbcs@nfbnet.org">Richard R. Thomas via NFBCS</a><br><b>Cc: </b><a href="mailto:mike@straddlethebox.org">Mike Gorse</a><br><b>Subject: </b>Re: [NFBCS] CNBC Investing Club Accessibility</p></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>There are other services out there aimed at helping people to pick </p><p class=MsoNormal>individual stocks (Motley Fool for instance). But I just buy index funds </p><p class=MsoNormal>and stay away from trying to trade or pick individual stocks or time the </p><p class=MsoNormal>market. It's easier that way, and I'd be a lot better off if I'd </p><p class=MsoNormal>consistently done that when I was younger. Even actively-managed mutual </p><p class=MsoNormal>funds managed by professionals usually don't beat index funds in the long </p><p class=MsoNormal>term, which tells me something.</p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>On Mon, 25 Jul 2022, Richard R. Thomas via NFBCS wrote:</p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>> </p><p class=MsoNormal>> Hi Folks:</p><p class=MsoNormal>> </p><p class=MsoNormal>> I have been looking at the CNBC club.</p><p class=MsoNormal>> </p><p class=MsoNormal>> Allot of advertising for it, not much detail.</p><p class=MsoNormal>> </p><p class=MsoNormal>> The cost is pretty high for some recommendations and news letters.</p><p class=MsoNormal>> </p><p class=MsoNormal>> Kramer seems so so as a long term investor and offers allot of trades, think taxes and possibly trading or trading related costs.</p><p class=MsoNormal>> </p><p class=MsoNormal>> I ask if you are looking to run your own money or looking for a place to invest for long goals like retirement.</p><p class=MsoNormal>> </p><p class=MsoNormal>> The stock market is a tretchorous place for non-professional financial types.</p><p class=MsoNormal>> </p><p class=MsoNormal>> 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.</p><p class=MsoNormal>> </p><p class=MsoNormal>> You can learn to invest but you will be competing with Masters and PHDs from the likes of Harvard, Stanfford, Michigan, MIT and others.</p><p class=MsoNormal>> </p><p class=MsoNormal>> Today trading uses high-frequency automated tools making it almost impossible to be a trader without competitive tools and the education to use them.</p><p class=MsoNormal>> </p><p class=MsoNormal>> That said, investing can be done and you can make money investing, not trading speculation – at least in my experience.</p><p class=MsoNormal>> </p><p class=MsoNormal>> I know a blind programmer working on a artificial intelligence driven software package over in India.</p><p class=MsoNormal>> </p><p class=MsoNormal>> He has been at it for a little over a year but so far his many versions have not made him a buck.</p><p class=MsoNormal>> </p><p class=MsoNormal>> He may succeed, I hope so since he is a friend of about 20 years.</p><p class=MsoNormal>> </p><p class=MsoNormal>> But, his algorithyms must compete with those built and used by the Harvard and MIT math, cs and financial types I mentioned above.</p><p class=MsoNormal>> </p><p class=MsoNormal>> I have my family members, Masters degrees in Psych and Rocket Science from Michigan in ETFs for their retirement funds.</p><p class=MsoNormal>> </p><p class=MsoNormal>> 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.</p><p class=MsoNormal>> </p><p class=MsoNormal>> 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.</p><p class=MsoNormal>> </p><p class=MsoNormal>> But if you are looking to save for retirement and want your money to make money for you, look at a professional alternative.</p><p class=MsoNormal>> </p><p class=MsoNormal>> We can discuss stock picking if you want or how to pick good funds or other products for longer investments depending on your goals.</p><p class=MsoNormal>> </p><p class=MsoNormal>> again, What are your investing ggoals?</p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> Richard R. Thomas (Rick USA)</p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>> </p><p class=MsoNormal>><o:p> </o:p></p><p class=MsoNormal>_______________________________________________</p><p class=MsoNormal>NFBCS mailing list</p><p class=MsoNormal>NFBCS@nfbnet.org</p><p class=MsoNormal>http://nfbnet.org/mailman/listinfo/nfbcs_nfbnet.org</p><p class=MsoNormal>To unsubscribe, change your list options or get your account info for NFBCS:</p><p class=MsoNormal>http://nfbnet.org/mailman/options/nfbcs_nfbnet.org/richardrthomas48%40gmail.com</p><p class=MsoNormal><o:p> </o:p></p></div></body></html>