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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (117751)	12/28/2018 2:52:38 PM
From: Lazarus	1 Recommendation Recommended By GROUND ZERO™ Respond to of 222390

Looks like it. One of my sons was here visiting for Christmas and just left this morning. He's an electrical engineer and I've been trying to get him to invest. Told him to buy IEHC years ago when it was $3 bucks (my original first purchase was in 1998 at .15 cents) but he didnt listen to me. His wife, who is Asian, is probably going to be the one who does the investing. She asked me if now is a good time to invest in the market. So I spent some time going over some very basic rudiments of investing. I showed her this 20 year monthly chart of the S&P and explained to her that most fund managers and private investors fail to beat the market. I explained to her that those who invested in the S&P at the top of the market in 2000 didnt really start to make serious money until around mid 2013 - unless, of course, they also added on the dips. I showed her the same chart on a weekly basis, and it does look more positive. BUT, bottom line is I take this month's candle -- the worst down in 20 years -- as sign of more volatility ahead, ... like for a few months. --- and even expect a lower low. That MACD needs to finish its formation. That said, I told her that I've made the majority of my money trading individual stocks. I'm confident she'll begin trading soon. I ALSO TOLD HER THAT THE HARDEST THING ABOUT TRADING IS SITTING ON YOUR HANDS