First off, I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is debt, and running straight though a global economic model that is based on a premise of infinite growth in a finite world. This won't end well. I'd go a step further and suggest that our materialistic value and belief system is another way in which we're building castles on sand... but I digress.
I view that markets as a casino, and frankly, I like gambling. So I rather enjoy the game, and love reading Seeking Alpha and anything that feeds my appetite for knowledge and insight. I prefer technical analysis to fundamental analysis because I find the "behavioral" side of investing ...More more interesting than longer term projections based on numerical analysis.
I believe in micro-caps. I believe the market rewards growth above all else, and growth is easiest and most explosive when a company is young and small. As a company matures, its growth inevitably slows. Microcap stocks tend to be extremely volatile so I believe strongly in taking profits on the way up (or exiting quickly if the entry point proves poor). I attempt to buy stocks that are pulling back in the midst of a longer term uptrend. I hold anywhere from hours to years, but usually in the 3-6 month range.
I committed every investing cardinal sin between first entering the markets in 1999 and 2002, losing 90% of my money. Since then, I've found an approach that works reasonably well for me. My average return has been about 25% annually since 2003.
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Playing the Ponzi I am very skeptical of our monetary system in the U.S. The Federal Reserve has brought all kinds of junk onto their books, and even their "high quality" holdings - Treasuries - have significant downside risk in mid/long term. So holding U.S. Federal Reserve notes seems to me a virtually certain way to lose ...More
buying power over time. That makes things like land, gold, water, oil, water - tangible things - better long term stores of value than the confetti paper printed by Central Banks.
That said, I love gambling. And I love playing the markets with my confetti paper. This blog is dedicated to technical analysis and trying to find securities or trends that can help increase the amount of confetti paper that my brokerage account is worth.
I view that markets as a casino, and frankly, I like gambling. So I rather enjoy the game, and love reading Seeking Alpha and anything that feeds my appetite for knowledge and insight. I prefer technical analysis to fundamental analysis because I find the "behavioral" side of investing ...More