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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (66111)	7/11/2005 2:26:05 AM
From: Moominoid	Read Replies (1) \| Respond to of 74559

My strategy is to do long term investment of my net worth mainly with managers who show ability and then to trade with leverage and my own ability to predict turning points in the market to hedge or increase returns, rebalance across currencies etc. This is the classic Soros strategy. I like closed end funds because I could borrow against them (in Aus I can borrow against mutual funds). The advantage is to reduce risk and diversify strategies and also get the benefit of long-term capital gains rates, and beneficial dividend tax rates. Well all this is getting ahead of myself as I only recently got back into active trading (another advantage - I can trade when I have time and the inclination and sit back when I don't and let the managers get on with the job). So far I called this rise out of April and am calling for a decline now which is in progress on some indices. So in a month or two we will see if I can ride out just one little cycle. In the past I often had the market right but then did dumb things. I've improved the TA methods. I think losing a pile of money actually makes it easier to do well in the future.