- Variable Rates of Return from Stocks
- Speculative Bubbles Are Often Followed by Years of Below-Average Investment Performance
- The Moral of the Story—Be a Flexible, Opportunistic Investor
- Growth Targets—"The Magic 20"
- Growth Target Zone
- Active as Opposed to Passive Management of Assets
- Diversification—A Major Key to Successful Investing
- Income Investing—Time Diversification
- Creating a Bond Time Ladder
- Increasing Returns from the Stock Market while Reducing Risk
- Useful Market Mood Indicators That You Can Maintain and Use in Just a Few Minutes Each Week
- Relationships of Price Movements on NASDAQ and the New York Stock Exchange
- How to Identify Periods When NASDAQ Is the Stronger Market Area
- General Suggestions
The Moral of the Story—Be a Flexible, Opportunistic Investor
Please forgive me if I have been belaboring the point, but so much of the "general wisdom" advises investors not to worry, to "stay the course," to trust in stocks.
I believe that the stock market offers fine opportunity. So does the bond market. So do commodities markets. So do markets overseas, coins, stamps, watches, antiques, art, and real estate. Opportunities for favorable investment occur frequently in some investor areas, less frequently in others. The best opportunities usually develop when the majority of investors are the most cautious or indifferent. They occur less frequently when the universal majority is the most optimistic.
The moral is simple enough. You do not have to be an expert in every area of potential opportunity. Or even in most. Probably not even in many. But you should be sufficiently familiar with at least a sufficient number of investment markets to be able to maintain diversified, flexible portfolios in a variety of investment sectors. In the process, you should be familiar enough with the behavior of the various markets in which you invest to be able to create and maintain exit strategies for when the time comes to cash in your chips.