January 17, 2006
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As I read your comments about the stock market, it’s a little unnerving, this reflection you give, of a daring woman. And as I mentioned in my profile it does seem like going out on a limb. But once you’ve grappled with cancer — And if you met my mother and my ex, you’d know that there’s not much I can’t handle. I figure you look at what you’ve got and figure out a way you can use it to make more. I never in a million years would have chosen this but it’s all I have to live on so I better make it work for me.
The thing is, I can’t afford NOT to get more involved. Just because you have a broker doesn’t mean you don’t have to manage your account. He or she is busy watching their stuff and a lot of other people’s stuff. Unless you call them up all the time, they’re probably not gonna be looking at your stocks every day to notice something needs to be sold. Having mutual funds wasn’t that profitable for me the last few years. That’s not how you make money these days.
A certain segment of the economy will enjoy a few months of success and then four to six months later you better be ready to look for the next run, with tech stocks, for example. Financials have been doing well but I’m getting ready to switch gears again. Yeah, it’s scary but there’s a guy on here named Bob who is a wonderful teacher. Check him out and get his latest tutorial at bobsadviceforstocks. He does podcasts which are really fun to listen to. At the end he sounds just like Paul Harvey, when he closes with “Good-night.”
I don’t think Bob pays too much attention to what’s en vogue. He looks at the numbers and only picks stocks that — You should just go see for yourself. I don’t want to say what he does or doesn’t do.
Well, I’m off to bed. “Good-night.”
Comments (17)
Good morning. Whoever this stock market adviser, it is not me because I know nothing about stock market. Have a nice day!
I, like you, have to live off the income from stocks. You are so right about having to keep up with what’s going on in the market. I just don’t have a clue as to where to go for good advice. Thanks for the Xanga-tip.
RYC—?????????? i view life as a joke, so you may have misunderstood the comment i made
As for your stock advice…that Bob dude looks like he understands it, somewhat…it’s STILL gambling, which a lot of people seem to forget
The Sirius “plunge” right now is due to an unfounded rumour Fox “news” has been spreading.
Thanks for that link, Pru… will read his site thoroughly when I get a chance… who knows? this can be the start of something.
Best to you, it is difficult to advise because one doesn’t know where you are financially and what you need. Best to you Prudy.
Cheers to making it work…marilyn
I can see where your coming from…in our case its important but not yet our income…my husband has a cousin who is very savvy.she is in her seventies now ,very hands on ,and very wealthy….perhaps it is something you grow an instinct for? RYC.. I think you are correct Joseph is used to being our only ” special ” family member
I may learn a thing or two here. Yea you!
two morw days till luch with your friend…you will share the details, no?
I have placed my trust in a financial management company owned by a friend. It has a good record so I can only hope that everything is ok cos I cannot understand stocks and shares at all.
I can barely manage my checkbook, Trudy.
Lynn
She means Prudy
Who knows what you will learn next! It’s just interesting reading your life as you see it. and ryc: my parents we completely surprised. They are still a bit astonished. And yeah, those dresses were insane. I am not sure whose idea it was to make them, but it was NOT mine! Boy you are a night owl! I would be too if school did not start so darned early.
Thanks again Prudy! I am an amateur with a difference
. Just lots of years doing lots of trades and looking and thinking about stocks. Would love to have loads of you guys visit my blog and comment and ask questions. We can learn about this together. I am afraid I sound like a used car salesman 
. I don’t really sell anything at all. I am just sharing my own experiences and ideas. Anyway, I appreciate your support of my writing. P.S. I never have liked Sirius Radio (SIRI), the stock, although I love the service.
Bob
ryc: for me, you seem to see your life as this equilibrium of things you can control and things you know are out of your control often seeking to know the difference concerning any particular issue. For example, when you sat with that young man during some wine bar outing (it think it was that) you were just as accepting as you were observant about the way life can bring interesting little things your way. The singing fairy also brings this to mind. All of these classes I read about also give me the feeling that you are out in the world letting the world itself show you things. Comfortable being the specator and comfortable having an opinion about it. Which by the way is flat out sassy and I do love it when you let go of a line here or there that reveals, something like “Hey! I never said I was going to be objective, I have my feelings and opinions and they fucking matter even if you are the world incarnate!” I identify with that.
As for the things you can control, you seem to be able to give this calm in words that tells me you know the battles and are you’re taking time to strategize wisely. An example of this would be how you deal with your finances and with your group therapy work and your writing. Perhaps to you it may not feel like control? But to me, even when you say that you have had a difficult time with staying the course, you seem to find a plan. A way to overcome obstacles with reserve and strength and dignity.
When those gray ares arise in which there seems to be some doubt as to whether or not you can or are even obligated to wrestle, your honesty with that very struggle makes me believe that while not comfortable with the hazy nature of events, you have learned to wait it out and weigh a thing for what it is. I suppose I see you as accepting yourself first and then dealing with the comings and goings of the day as only new contexts for that beauty. Now, by that I do not mean to imply egotism at all, just a forthright understanding of who you are coupled with the sure knowldge that you are not finished becoming. “A work in progress” admits that as “namaste” admits the underlying peace with it all.
I do not know whether or not my impressions are at all accurate. I tend to look at things as battles and women as warriors. I see you as a general who has been through enough to know when to toss back a few and when to shut a body down if needed. I know if we ever met, you would be the kind of person who would be able to tell me to settle down with a look. And I would do it too without the resentment I have for the many others who prematurely nix my enthusiasm because you, I respect your opinions. It is late! I must go set the alarm. I hope this was not too long. B
RYC: Thanks. Hadn’t realized that post went live though. Thought I marked it as private until I could give it another read-through this morning. Oh well. Probably a Freudian typo equivalent, sharing a bit more than I’d consciously intended. Re: stocks. The goal is a good one. Doing it all off stocks would make me nervous. Just finished reading Millionaire Women Next Door, which was fascinating. Also, Your Money or Your Life. Good food for thought.
Tomorrow lunch! *obsessive compulsion here*