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By Dylan Jovine
WHERE SHOULD I PUT MY MONEY?Should I buy Gold? Silver? Stocks? Bonds?
Interest rates are low, and the market is at a 5-year high.
What should I do????
These are all reasonable questions. Being faced with all of these choices can feel overwhelming at times.
Where do you start? How do you begin to cut through all the noise?
How do you get to a place where you can look at the investing landscape and begin making rational decisions with your money?
This is how I do it...
I start by eliminating the noise.
Is the market too high? IGNORE.
Is the market too low? IGNORE.
How will the debt debate in Washington impact the market? IGNORE.
Once I've eliminated all the noise, what I do is I look at individual stocks to see what I consider cheap.
With over 20 years of investing under my belt, I've developed a list of "favorites." These are the 100 or so stocks I would love to buy if the price was right. I've followed many of them my entire career, and I'm familiar with them.
For the most part these stocks are a good representation of the entire market. If they are cheap, that usually means the overall market is cheap. If they are expensive, that usually means the market is expensive.
Right now, when I look at my list, what I see is a market that doesn't look cheap. Not a single one of my "Favorites" is selling at a discount.
What's my next step?
I stop thinking about the market completely. Interest rates... the debt ceiling debate... I COMPLETELY disengage.
And, just like a CROCODILE (or any ambush predator), I wait for my "prey" to come to me.
Of course, that means that sometimes I may "miss out" on other opportunities.
But that's OK, because just like a crocodile I know there will be many more opportunities to come.
I just have to be patient. (And hope Washington screws things up even more.)
Do you have a list of favorites? You should...
Chris Rowe will be hosting a live webinar tomorrow (Tuesday, January 8th) evening at 8:30pm eastern time. The event is free to all Tycoon Report readers, and is required viewing for anyone who is even a little bit uncertain about how to invest in 2013.
To join the event, simply click on this link just before 8:30 eastern time tomorrow.
See you there!
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During a successful career as a Wall Street analyst - and later as owner of his own brokerage firm - when Dylan Jovine made recommendations, the big money paid attention. But now, he's the ultimate Wall Street whistleblower. He got sick and tired of seeing the big institutional investors grow richer and richer while the average investors watched their nest eggs crack to pieces under the rampant greed and pervasive conflict of interest at the major brokerage firms. Dylan left his cushy corner office behind and set out on a mission: To make "Grade A" institutional quality stock market education and research available to individuals at prices anybody could afford. The Institute for Individual Investors is the staging ground for the successful culmination of this mission, and The Tycoon Report is its cornerstone. |
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