I retired six years ago at age 62 when I realized that I was no longer 30. At age 40 I got interested in the markets & started investing as a hobby. I can't tell you all how much fun it was. I was newly single & met with friends once or twice a week to discuss the markets. There was a broker from Smith Barney,a couple who were in futures, options were discussed & the best part was that nobody tried to sell there opinion. Now with Washington running my financial life, I have had to trade as a lifeline & it has become a job. I trade my wife's & mine joint account to add to our living expences, & use my IRA to generate dividend & growth with quality bonds that pay monthly along with equities & closed end funds that also produce growth & an income source. What bothers me most is that people in Washington control my life & what was a hobby is now a full time job. They take a 6-10 thousand dollar pay raise in 2010 & freeze my Social Security for 2010 & 11,& now have kids with business degrees telling me how to utilize my Medicare. We grew up understanding that the American dream was working hard your whole life,serving your country in the military,paying your taxes & in appreciation America will help take care in our Golden Years. Guess what? It was all a LIE ! Please forgive me for ramberling but Bernie Madorff was small change when you compare him to our leaders! Bernie 1
Started my education premed student at Stanford, burned up my scholarship after the second year. Money was tight & I had a change of mind, so I changed my major & school. Eventually attained my BS in environmental sciences, and a minor in health sciences. After college worked as a medic for the nations largest ambulance company. Also volunteered time as a FEMA instructor to fire departments, training for nuclear, biological, and chemical disasters. Recently retired due to injuries, Paramedic for 28 years & volunteer w/fire department for 10.
After I was retired at 48 (injuries), I had to change my 401k over to an IRA. Being very upset at low returns and slow growth with the 401k over the years, I decided to take full control. I liquidated all the funds and after careful research, put the entire amount into one stock. My broker called me to make sure I was making the right decision. Three years later to the month, I tripled the size of my IRA, thank you LMT!!! I rolled the dice with my retirement on the line and thank God I won. However, I've learned to utilize much safer methods since then. Recently sold 60% of LMT and diversified in other solid companies.
Born & raised in California, married to a wonderful wife, no kids. We both like to travel & visit historical sites.
BS Environmental Sciences , UCSC
BS Health Administration w/Emergency Mgmt. Cert., University of Phoenix
I'm an Independent investor with a passion for equity research. I'm usually long term minded, but occasionally engage in short term trades.
My trading style focuses primarily on fundamentals, with short term technicals occasionally commanding my attention. I believe that making money in the market requires forward thinking investment objectives, patience, confidence, and a trading ethic that embraces the opportunities presented by short term downtrends.
To reach out to Forward Looking Guru for business opportunities, to share ideas, guest writing opportunities, consulting opportunities e-mail him at Forwardlookingguru@gmail.com.
Old investor that keeps stocks for a long time. Some of my stocks have been in my portfolio for over 30 years. My latest investments were CVX and CAT. I loved Peter Lynch's comment, if you don't understand their business don't invest in their stock. My worst investment was Lucent, and I didn't understand their business. My best stock has been XOM, MMM, MCD, etc.
Living life making multiplications is such an important hopefully, daily event. As it has been for decades now. Each day does bring different DATA / events which may pertain or not to each trading vehicle/vessel.
The Revenue Avenues are important in this stage in my Trading, and Life, now as well before personally and Professionally . Dividend Re-Investment especially with a Discount multiplies yours / mine quite well in the compounding . Monthly and/or Daily, IMHO, is best.
EG: One of my kin was the first Woman, ever, having seat(s) on the NYSE!
A Quaker. ( Who was she ?) SHe changed faith to be buried in Vt. next to her husband and have a tombstone , as Quakers do not believe in them.
We were the original S.O.E.S. ( Small Order Execution System ) which we set up to give an equal footing trading, common investor vs the behemoths ,also Member on the NYSE AMEX Exchanges , OTC, NASDAQ, BSX, PHX..TSE, I was..
Still American Fiscal Conservative and realist. American Republican as President Abraham Lincoln was our first!
US Major Gen. Benjamin Butler's monument so reads. "the true touchstone of civil liberty is not that all men are equal but that every man has the right to be the equal of every
other man - if he can."
" UK Premier Harold Wilson:"He who rejects change is the architect of decay. The only human institution which rejects progress is the cemetery."
GOD Bless the USA! GOD Bless you too!
Born 1952. Worked all my life. Haven't made the best financial decisions. Have inherited money here and there, and wasted a lot of it. Hope to make some money with the remainder.
Long loser trader. My stocks tend to tank. Fortunately, I'm too poor to lose much. During the Bull Run, I would lose by being too conservative, but as the market appears to be peaking I'm more of an impulsive buyer. This strategy should keep my taxes in check.