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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (1763)	10/23/1998 6:01:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81092

THC : It is important to arrange one's investments in terms of one's "market skills" --- or the lack thereof! Junior mining shares are, in my opinion, far more difficult to handle than the heavyweights. There are many more variables to consider and to score, one's market timing must be impeccable --- both, in and out. Accordingly, you have to know what you are doing because, when you buy those shares, you are sitting at the poker table with real professionals. Operators who can make any kind of company report they wish and can move the share price of the particular junior any way they choose. It's just a question of getting the sardines excited, then getting them into the net and voila ---- all caught! I would be VERY careful to buy and hold shares like that. Futures: If you are not actually a broker at the Merc or some place similar then you have to be a whiz-kid at TA or be in possession of some special knowledge. Otherwise you are going to be creamed playing with futures. When it comes to TA, no method can be either complex enough or simple enough. As with the juniors, you are sitting at the table with real professionals who can do anything they like with the market and the prices. Both, short term and long term. My philosophy on the market is much like my view on life, itself --- if one knows what one is doing and one wants to lead an exciting life, then one can go out with whores and have one night stands. There may be a lot of fun, but on the other hand one might pick up something more than one bargained for. At least, one decides on the risk/benefits on the basis of one's imagined skills. If one doesn't have the skills necessary to play around then one has to settle for something more "secure". Now, one has to marry the investment and accept a duller kind of life with its ups and downs. Also very important to make sure one is not settling down with a whore. The point I am making is, if you are not an expert in the market but you are prepared to be a patient investor, then you should go for "quality". Do not invest in "rubbish" and then expect that the sow's ear will transform, as if by magic, into a silk purse! Especially because you have held it for some time. Or, because you heard "authorities" talk about it. Or because it's "cheap". In order to find out what "quality" is you have to do your homework as thoroughly as possible and don't listen to tips. Investing is a painstaking, lonely occupation for which you will pay heavily (unfortunately) for every little bit of knowledge you glean --- and for every little bit of success you have. No-one makes money on the market without having to pay their dues.