J Paul Getty On The Essence Of Successful Investing
January 10, 2013 Leave a comment
Wealthymatters On Facebook
January 10, 2013 2 Comments
After nearly 2 years in the blogosphere, Wealthymatters is now available on Facebook.I hope this helps readers who prefer to read posts that way.
Going by my Twitter experience, I hope getting onto Facebook helps me reach new readers.
I have tried to configure blog posts to appear automatically on Facebook.Let’s see how well that works out…..I am a complete novice to Facebook, so please forgive all my snafus.
If you are an old hand with Facebook, please help me as I come to grips with working with the site.If you like to read my blog,would you consider becoming a friend/follower or whatever the right word is ,just to get my Facebook account started and spread the word around?Also if you like a post could you please ‘like’ it?I’d like to earn my first 30 likes ASAP.
The Most Expensive Pens In The World
January 10, 2013 4 Comments
1. Aurora Diamante Fountain Pen – $1.47 million
2.Caran d’Ache 1010 Diamonds Limited Edition Fountain Pen – $1 million
3.Heaven Gold Pen – $1 million
4.Mont Blanc Limited Edition Mystery Masterpiece – $730,000
5. Caran d’Ache Gothica Pen – $406,453
6. Caran d’Ache La Modernista Diamond Pen – $275,000
7.Mont Blanc Prince Rainier III Limited Edition 81 Pen – $260,200
8.Visconti HRH Limited Edition Ripple Fountain Pen – $57,000
9.Visconti HRH Limited Edition Forbidden City Fountain Pen – $42,200
10.Grayson Tighe Limited Edition Fountain Pen – $24,000
Have Realistic Expectations
January 9, 2013 2 Comments
Forget about buying a stock, a fund, or an index at the bottom or selling at the top. Yes, somebody does, but that elusive somebody will never be you. The truth is that after you buy a stock it will go lower — not sometimes, but always. And when you sell a stock, it will always go higher. It’s not bad luck or bad timing. It’s simply unrealistic to expect that, competing with thousands of other players, you’re going to be smart or lucky enough to get the very top or bottom tick.
If you know ahead of time that it’s going to go lower after you buy it, why not wait? The reason is because if you do and the stock goes lower, you’ll want to wait some more. But then, at some point, it’ll turn around and you’ll be left on the sidelines. The best you can do is to buy in a reasonable buying range, know that it’s going to tick lower after you buy it, but also know that you have a position in the stock and will benefit when it goes up. Don’t be disappointed when this happens. It happens to everybody. It’s part of the game.
Also worth remembering: In more cases than not, stocks go down faster than they go up. The likely reason for this, at least in part, is that the emotions that trigger selling are felt more intensely than those that motivate buying. It’s usually more urgent to get off the train than to get on.-Dick Davis
An Important Distinction
January 9, 2013 2 Comments
There is an important distinction between prospects for a company and prospects for the stock of that company. One can be good and the other can be bad. All the good things management says about the company may already be reflected in the high price of the stock which may, in fact, be due for a fall……. It behooves investors to be aware of this and to remember that the stock of even the best company with the best prospects should be bought only if it’s reasonably priced.-Dick Davis
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