If you polled the top 10 financial experts where the FTSE or S&P will be this time next year you will get a range from 3300-5600 or 600-1100 respectively…
So dont let other people with incentives that are not based around you, but are based against a market, with a history of lemming like decisions, bubbles and manias, decide the fate of your hard earned cash.
The days of proprietary information are over, so you, as a retail investor could make better informed decisions than many of these experts. A decision that reflects your views and understanding of the markets and not someone who is tied to benchmarks, asset allocation percentages and bonus related performance.
It is human nature to make decisions for yourself before others, so they are not thinking about your savings, they are thinking about theirs (This is a sweeping generalisation for which I hope I will be forgiven by all those selfless people who work in finance)
What doesnt make sense is giving your money to an IFA who will put your money with an institution, who then, with apparently not much due diligence will put your money to work, either with a fund manager known to them (what we would call a friend) or one of their own funds, either way, somewhere along the line things get lost, such as: Your risk profile, reasons why you are investing and emotional ties to any sector or beliefs.
Dealersdiary is a new website where you can actually see the deal sheets of the trader, read his commentary or strategies, get access to trading ideas of stocks that interest you and help in developing a trading strategy that works for you. It is completely free and your input will help enhance the relevance of the site in the future.
It is not a tipping website, it is a window into the brain and heart of a successful day trader. It is a rollercoaster ride of winning and losing days and gives you a real insight into what makes a successful day trader.
Dont let other people with incentives that are not based around you, but are based against a market with a history of lemming like decisions, bubbles and manias, decide the fate of your hard earned cash.
There is free information out there to help you make a better informed decision than many so-called experts. So take the time to look around, there is no excuse for not knowing, there is a world of information at your finger tips. Some trading intraday is the key to outperformance as there has been a permanent and seismic change in the volatility of liquid stocks and currencies.
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