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There has never before been so little "friction" involved in trading. When I can make trades of any size in a tax-sheltered retirement account, for a brokerage commission of less than $10, my goal is to identify early the emergence of a new theme and then sell to the lemmings as they clamber aboard (the sooner,the better). It is still possible to be a good long-term investor, but life has never been sweeter for the nimble traders of this world.
Jun 23 09:25 am
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