Is this a good time to invest?
“There is no BEST time to invest. There is just investing. There is doing it consistently. There is compounding.” – Howard Lindzon, Chairman and Co-Founder of Stocktwits, writing on Medium on 4/24/18 in response to questions such as, “Where are we in the market cycle?” Read more
Good investing advice never goes out of fashion
“Men of prudence and skill in the acquisition of capital often show astonishing recklessness in the disposition they make of it. The strangest caprices take possession of them when it comes to the critical moment that calls for a choice of investments. And as riches are always clothed with folded wings ready to expand at the most unlooked-for exigencies, it is not much wonder that they frequently take to the winds and pass beyond recall.” – From, The Art of Investing, written 130 years ago. This quote, from the Novel Investor blog on April 26, 2018, reaffirms that: “1) Successful investing can be boiled down to simple, common sense ideas; and 2) The history of misbehavior goes back a very long time.” Read more
Market timers don’t make the list
“We are always trying to second guess the market, but the facts are clear — there are no market timers on the Forbes 500 list of the richest people, whereas there are many, many investors.” – Jim O’Shaughnessy, Chairman and CEO of O’Shaughnessy Asset Management, writing on his blog, What Works on Wall Street, on 4/26/18. Read more
GE: Enron without the scandal
“By comparison, the stock value lost by GE in the past 12 months is twice the amount that vanished when Enron Corp. collapsed in 2001 — and more than the combined market capitalization erased by the bankruptcies of Lehman Brothers and General Motors during the financial crisis.... Among those hard hit by GE stock losses have been company retirees, including former factory workers who took advantage of a stock-ownership plan to build their savings.” – Thomas Gryta, reporter for the Wall Street Journal, in a 4/22/18 article about GE’s troubles. The article points to the danger of holding too much employer (or former employer) stock. Read more
