The Nifty 50 Edition
27 September 2013
Secrets to Successful Investing (and Then Some)
Gerlach's 50 Insights About Investing
StockCentral's own Doug Gerlach this year marked the 20th anniversary of participation in his first investment club. Achieving this milestone put him in a thoughtful mood, and he put together a valuable list of insights for other investors. Here we present the first 10 items on Gerlach's list of "50 Things I've Learned about Investment Clubs, Investing and Life":
1. "Buy and hold" doesn't mean "buy and hold forever."
2. 12 smart investment club members are better than the average Wall Street analyst.
3. Complicated investing strategies are doomed to failure.
4. Consistency in your investing approach is more important than conviction.
5. Devising convoluted rules about running your club will drive members crazy.
6. Nobody likes an overbearing club member.
7. Member withdrawals will always happen; if you restrict partial withdrawals, members will make full withdrawals instead.
8. A well-rounded stock portfolio increases returns and reduces risk.
9. Restaurant stocks often cause indigestion.
10. Retail stocks often fall out of fashion.
Click here to read 40 more useful insights Doug has accumulated over the years.
Early Bird Offer for BINC 2014
That Toddling Town to Host Next May's Event
The stage is set for next year's BetterInvesting National Convention, slated for May 15-18 at Chicago's Marriott O'Hare hotel and convention center. The 63rd annual event will bring individual investors together with a variety of stock market experts and luminaries for workshops and seminars and the chance to meet representatives of prominent corporations that may form part of your portfolio.
Attendees will meet BINC's roster of investing luminaries, including keynote speakers who provide key insight into the state of the market and investing trends. Sign up now to receive a limited-time offer available through Sept. 30. Click here to register and learn more about BINC 2014.
Webinar: Managing Multiple Studies of the Same Company
SSGs Over Time in Toolkit 6
The next topic in our monthly free Toolkit 6 webinar should interest anyone who is comparing notes on a particular company. On Oct. 1 StockCentral's Doug Gerlach will discuss how to manage multiple studies of the same company. What are the pros and cons? To attend a webinar, all you need is a computer with speakers (or a telephone) and an Internet connection. Space is limited, so preregistration is required. Toolkit 6 webinars are held on the first Tuesday of each month from 9 p.m. to 10:15 p.m. Eastern. Bring your questions! Click here for more information and to register for the next event.
When the Numbers Don't Add Up
Does the Club Need a Leave-a-Penny, Take-a-Penny Cup?
An investing club treasurer ran into an unusual problem: The club's account math was off by 1 cent. After spending hours analyzing the problem, the club member reached out to the community on StockCentral for help. "One of those perplexing things that only a treasurer would worry about," he began, and outlined the details of the problem.
StockCentral has experts and technicians available to help and answer your questions and the place to begin is by posting a question or comment in the "Community" forums. Click here for more information about this problem and suggestions proposed.
TODAY'S ENTIRELY RELEVANT QUOTATION
"(Investors' current preference for illiquid assets) has resulted in a very unhealthy aversion to market volatility, which has kept people from the asset types that have been fundamentally cheaper."
— Michael Aronstein, CEO, Marketfield Asset Management