Seven Investing Tips From Spinal Tap
Spinal Tap, one of world’s greatest mock bands, managed to survive the ups and downs of an industry known for chewing up and spitting out artists with reckless abandon.
From the soaring heights of hit records to the dismal depths of canceled tours, they rocked on. They survived drummers who mysteriously blew up and groupies who became wives… or whatever the f*%$ they are.
Tap, as their known to fans, beat the odds with pluck, timing, and generous portions of spandex. If you’re an investor, Spinal Tap even has some lessons on how you can survive the highs and lows of the market, with or without spandex.
And I got those financial lessons; I got more… a lot more. But hey, enough of my yakkin’; whaddaya say? Let’s boogie!
This goes to eleven…
Investors follow the pack and believe that a stock will go up one more dollar… or one more percent… or the rally will last one more day. And this greed usually leads them to take unsustainable positions. What’s even more strange is that money can be made either way. Instead of taking it to eleven, you can ride it down to three, for example.
There’s a fine line between clever and stupid
Perfectly dumb investment techniques can pay off… and perfectly smart investments can lose. At least temporarily. And that suspension of temporary logic feeds the investor false signals that can create risky behaviors. Establish an investment discipline, or use technology that can help you.
Quite exciting, this computer magic!
Technology, like a video game console in a tour bus, is just getting better. New tech can assist you with making your own trading decisions and advanced technology, like Automated Trading systems, can offer totally new options for trading and investing.
NO! We’re not gonna f*&!$*ing do “Stonehenge”!
Learn from your mistakes. As we can see from a string of investment bubbles and bursts, people rarely learn from their mistakes. If a group of little people have trod over your investment portfolio, make a note and prepare new strategies.
I believe virtually everything I read, and I think that is what makes me more of a selective human than someone who doesn’t believe anything.
David St. Hubbins approach to life is a lot like investors approach to the economy: they believe everything they read and everything they hear. Their trading positions, then, soon become anarchy.
Big Bottoms!
While bad investors run for the hills during market bottoms, wise investors love big bottoms. In most cases, big bottoms provide more intense investment opportunities.
It’s like, how much more black could this be? And the answer is none. None more black.
Bull market? Good. Bear Market? Good. You can make money in any market. Learn to see the good in any economy and never let an economic condition become a psychological condition.
Related posts:
- Lie: Investors Can Only Make Money When The Economy Is Good
- Investing Advice From Real Rock Stars
- Zoodak: A Place For Investing Animals
- Top Investing Mistake #4: Not Getting Enough Information
- Online Investing AI Update
Related posts brought to you by Yet Another Related Posts Plugin.
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
