Daily Investment Tips

Michael Covel is the author of best selling books Turtle Trader, Trend following and latest Trend Following Learn How to Make Money in Up or down market. Michael Covel trading idea is what matters in evaluating stock is the price. If the price is going up, buy ; Just follow the trend whether that trend is up or down.

Michael Covel trading tips

1. IPOs are for gamblers, unless you are an insider.
2. No one knows what the stock market ceiling will be. If they say so, they are making it up. Buy only now if you know exactly how much you can afford to lose.
3. No one can predict market direction, so you have to be ready to exit and protect your capital. This all requires a trading plan well in advance of entering the market.
4. The main drivers of sentiment in the stock market is herd behavior, not fundamentals [even though they may say its fundamentals]. People want to get rich fast, so they jump on board [with no exit planned]. That usually ends badly.

Michael Covel website is full of trading and investing resources. You can vist Michael Covel website to read finance articles or even buy one of his books or buy one of his trading course.

written by Constantine Njeru \\ tags: Best Selling Books, Finance Articles, Gamblers, Herd Behavior, How To Make Money, Insider, Investing Resources, Ipos, Market Direction, Michael Covel, Sentiment, Stock Market, Turtle, Turtle Trader

Gold is hot at the moment. Gold is up a whooping 84% in the last 3 years. The gold investors who so it coming have made some serious money.

There are many reasons as to why gold has risen this high, one is the idea that gold is a safe haven. There is belief that the bailouts of the last 2 years will lead to inflation which causes devaluation of currencies and the only protection against all this is gold.

The idea gold is a safe investment goes back to medieval times. A safe investment means you cant lose your money. But the truth is you can lose your money in gold. What is needed is a change in sentiment and people who bought gold start taking their profit. The gold price trend will be in a reverse gear.

Risks of Investing in Gold

In a Business week interview Susan C. Elser, of Elser Financial Planning Indianapolis gave a good detailed analysis on the risk of gold investment,

Unlike other commodities, gold has few industrial uses. Unlike businesses owned through the stock market, gold earns no profits and doesn’t pay out dividends. Unlike bonds, no one pays interest to holders of gold. And, unlike insured bank deposits, there is no guarantee of your principal investment.

“There is no downside protection on investing in gold,” Elser says.

written by Constantine Njeru \\ tags: Bank Deposits, Business Week, Devaluation, Dividends, Downside Protection, Financial Planners, Gold Commodities, Gold Investment, Gold Investors, Gold Price, Inflation, Investing In Gold, Medieval Times, Price Trend, Principal Investment, Safe Haven, Sentiment, Serious Money, Stock Market, Susan C