Thursday, October 15, 2009

Wall Streets 4 biggest lies !!!!

Big lie #1:
You can’t time the market

This is pure nonsense. The reason Wall Street continues to say it is because of greed. You see, they want your money to keep coming into their coffers until you have nothing left.

Big lie #2:
You should buy stocks on the way down

Well gee, if a stock was a good buy at $50 a share, it’s bound to be a better buy at $10 a share. And when it sinks to $1, you could be very sorry you went along for the ride.

Big lie #3:
You should buy and hold

Using a buy and hold strategy in today’s volatile market can provide you just one thing: Big losses! The crash of 2008 should have taught every investor this lesson.

Big lie #4:
You can’t beat the market

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