The second installment of a series contributed by Mark Robertson, founder and managing partner of Manifest Investing. Mark’s investment methods and some elements of his philosophy differ slightly from those I advocate; but they are minor differences, the significant points on which we whole-heartedly agree being far more important.
In our work with investment clubs and individual investors, we often encounter silence when tendering the question, “Why are we here?”
The answer is simple, if unsettling, for some. We are here to make money. The follow-up question is “Why do we complete Stock Selection Guides as we complete our stock studies?” And the answer is, because it’s one of the better tools to take a stab at how much money we’re positioning ourselves to realize.
Gordon Gecko (brought to life by Michael Douglas in the movie, Wall Street) uttered the immortal, “Greed is good,” as he personified some of the worst traits of an investment banker foaming at the mouth. We can only hope that in his return engagement (Wall Street II) that he’ll display some contrition. Perhaps Gecko can take a barefoot walk in a grassy park with Richard Gere when paroled ?
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s Food for Thought, Investment Concepts, NAIC Veterans' Lounge earnings forecast, projected annual return, Projected average P/E Ratio, realizing returns, total return
If ever there was a vehicle that seems perfect for the amateur or inexperienced investor, it has to be mutual funds. Considering NAIC’s excellent mantra: “1) invest a fixed amount regularly, 2) invest only in good quality growth companies, 3) reinvest your gains, and 4) diversify,” mutuals would seem to cover all the bases. Not so!
Of course, if your employer is matching your investments in a 401(k)—if he contributes 20% to as much as 100% of your investment—you should put as much as you can into it, because you’d be hard put to get that kind of return on on any other investment.
Or, if you’re just beginning to accumulate a nest egg while you learn to invest on you own and gain confidence in your ability to do it, it’s a convenient and reasonable place to park your funds until you “graduate.” But….
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s Fundamental Investment Views, How to Invest, Successful Investing
Only this morning, I posted a message to the NAIC I-Club discussion list in which I made the point that, with some additional steps yet needing to be taken, NAIC was on its way to once again earning the renewed respect and participation of those of us who earlier withdrew our services in hopes we might hasten a catharsis in the organization.
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s NAIC Veterans' Lounge, Successful Investing Better-Investing, investment education, investment education organizations, NAIC
