The Online Investing AI Blog

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Depending on who you talk to, the economy, the stock market, and the world as we know it is either in a free-for-all dive into oblivion, or is simply in a correction stage with the continuation of the bull market to continue.

Then there was the S&P 500 downgrading American debt. That should make for an interesting Monday morning for traders. I bet there’s a lot of Maalox sales at groceries stores around Wall Street.

(Here’s a good recap on the situation by Monevator.)

What do I believe about the sitch?

That wouldn’t be any fun. I would much rather show you what some other people–people a lot smarter than me–have to think. Here’s a list of what I’ve been reading about the stock market swan dive and debt status.

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So, we hit a thousand posts here at Online Investing AI. That’s pretty cool right.

But this isn’t about patting ourselves on the back. This milestone actually gave me a pretty profound insight into the world of blogging. Blogging is a community and nothing inspires my writing… like my reading.

Here are some of my favorite bloggers–along with some new folks I’ve stumbled onto–and their personal financial advice and wisdom.

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1000 posts! Pic courtesy Creative Commons.

We officially hit 1,000 posts.

Wow!

Over the past few years–has it really been that long?–we’ve tried to bring you articles, insights, rants, raves and opinion about a wide spectrum of things:

• The stock market
• Entrepreneurship
• The Singularity
• Technology
• Trading strategies
• Government stupidity (there was a lot of inspiration there.

It’s been a pleasure to have this conversation with you and have always enjoyed your input. It really kept us going and engaged.

Here are some other cool stats about the last few years and the last 1,000 posts.

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Bad news on the economic front. The American economy is stalled. Job growth is non-existent.

But thanks to some recent reading on Trend Following, I now realize there’s no such thing as a bad economy. You can make money in any economy. You can save money in any economy. You can also waste money in any economy.

It’s just a matter of keeping connected and continually educating yourself.

So, here’s what I’ve been reading…

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For the last few weeks, I have been focusing on learning how to trade stocks. And, I have found some outstanding resources that I want to share with you. One of the best is Stockbee, which I wrote about last time.

I think that one of the hardest things about learning to trade successfully is knowing where to get information. There is too much information available in books, newspapers and the internet. 99% of it is useless noise. I look for information that is clear, easy to understand, and also actionable.

One interesting site I found is the Kirk Report. After reading about Charles’ struggle to learn to trade, I was really interested in what he had learned. I read about his story, and I like how his goal is to help other people learn to trade. I haven’t yet signed up for his service, but if any subscribers have any comments please share them.

For those of you who are not members, there is plenty of free information available as well. It is listed as “free reports”.

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Yesterday I discovered a really outstanding stock trading site: Stockbee. I was searching for ways of finding stocks that have smooth trends. The idea was that if a stock has small retracements during a trend, then it is easy to determine when the trend has changed. And, it allows us to set a tight stop loss.

I was hoping to find some useful information on the topic, and I found it. (Here’s the post). What I also found was an outstanding resource for traders. One of the best things about the site is apparent from the post about smooth trends: it contains clear, actionable information. The author, Pradeep, even provides the Telechart code to find the smooth trending stocks!

How can I use this information?

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As America’s unemployment “problem” continues, we keep hearing about the importance of education. The mantra has not changed: “Go to college so you can get a good job.”

Photo by Ian Lord

The question nobody bothers to ask is, “Who wants a job?” Now, more than ever before, more people are finding it harder to survive depending on a job. If they have not lost their job already, they are afraid of losing it. Call me crazy, but it doesn’t sound like a good solution to me.

Why do people keep repeating the Mantra of Education?

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We have been talking about how most people are not confident about investing and rely on the “advice” of financial planners. Nearly all of these people end up buying mutual funds and bond funds. And, I noticed the huge numbers of people who invest in index funds. I started thinking, why are these investments so popular when they are so bad?

First, let me point out why I think these are terrible investments. These advisors are not advisors at all. They are salespeople. And they get paid about 5% to sell you a mutual fund or a bond fund. They get paid even when you lose money.

Secondly, nearly all would-be investors cannot handle watching their portfolio go down 50% or more. When they reach their pain threshold, they sell. The “advisors” always say, “It’s gonna come back. Just hold on.” It’s easy for them to say that because it’s not their money.

Dow Jones Industrial Average 1929 - 1932

Finally, the stock market is going down right now. And, I believe it is going to continue going down. Millions of retirees are going to be pulling their money out of the market. Besides that, there is a chance that we are going to have another 1929 style stock market crash. At that time, the market went down 90%.

Why do we continue to make the same financial mistakes?

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After reading this article on Bloomberg about the end of the dollar, I thought about some important points that the author brings up. First, the dollar is declining as gold rises. This is a trend that has been going on for years, but most people are totally unaware of it.

I think it is interesting to note that even though the information is available to everyone for free, most people choose to ignore it. When we get our information from the “news”, we don’t learn about what is really important. This includes ideas like the dollar will soon become nearly worthless and the fact that the savings of a whole country is disappearing.

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As gold continues to soar, more and more people want to get into the market. However, they feel that gold has gone up so much that it is overpriced. How do we know if gold is too expensive and going to get cheaper, or if it is going to continue to go up?

Will Gold Continue to go Up?

You have probably guessed, but the answer is nobody knows. However, we can still make an educated guess. And, using other principles of successful traders, we can even make money in the process.

How can we make an educated guess?

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