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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.59+2.2%Dec 26 4:00 PM EST
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To: d:oug who wrote (81850)2/11/2002 6:12:57 AM
From: Zardoz  Read Replies (2) of 116833
 
Oh please... The biggest lie of the financial industry is:
1) "Never try to time the market"
Timing is everything.
To early is costly, to late is costly... Correct timing is everything.

Second biggest lie:
2) "Mutual funds are a safe investment"
Mutual Funds are by far nothing more then holding companies that seldom sell, always buy. Because they are so large in size, when they sell, they move the markets. Thus it's in their self interests to never sell. Better to buy and sell index funds directly, and watch the spring time investors float your investment upwards. Then sell.

Third biggest Lie:
3) "Gold is a safe haven."
Rubbish,any commodity has just as much chances of falling then going up. There is NO investment EVER that has only gone up in price.. NONE, find me one!
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