Top 11 PERCENTAGE gaining days for the Dow Jones Industrial Average:
1. March 15, 1933 … 15.34%
2. Oct. 6, 1931 ….. 14.87%
3. Oct. 30, 1929 …. 12.34%
4. Sept. 21, 1932 … 11.36%
5. Oct. 13, 2008 …. 11.08% !!!!
6. Oct. 28, 2008 …. 10.88% !!!!
7. Oct. 21, 1987 …. 10.15%
8. Aug. 3, 1932 …. 9.52%
9. Feb. 11, 1932 …. 9.47%
10.Nov. 14, 1929 …. 9.36%
11.Dec. 18, 1931 …. 9.35%
I'm trying to find the cool graphs I was looking at the other day comparing recessions, bear markets, presidents, and year. I'll post it when I find it again.
Wednesday, October 29, 2008
Saturday, October 25, 2008
They were right
Forget about listing those books, I thought about it and I think everyone should find the books on their own. The authors are listed, it isn't rocket science. Anyway they were right. The authors that is.
One thing in common with all the investment books I've read is that the author always makes it clear that this industry "isn't for everyone." They don't really say why and I didn't pay much attention figuring that whatever they were alluding to I could handle it. I understand now what they meant.
The stress. Managing money is one of the most stressful things you can do, you could even compare it to the job of a doctor; managing life. Ranking army officials and stock traders are said to have many psychological similarities.
Lately the stress of the market has been literally hurting me. I decided this is what I want to focus on for the majority of my life and put an immense amount of pressure on myself to succeed. My investment philosophy is long term, and with the recent market events you can guess how terrible my portfolio is doing. The stress of watching money that I can't afford to lose vanish into thin air is what they were talking about.
I can only imagine what losing other people's money or not being able to support a family because of a downturn in the market must be like. I'm glad I learned this lesson early and I understand now why rule number 1 is "Don't lose money" and why rule number 2 is "Remember rule #1". It is because the stress that rule saves you allows you to continue in the business and gives you the most valuable asset to any investor. Time.
One thing in common with all the investment books I've read is that the author always makes it clear that this industry "isn't for everyone." They don't really say why and I didn't pay much attention figuring that whatever they were alluding to I could handle it. I understand now what they meant.
The stress. Managing money is one of the most stressful things you can do, you could even compare it to the job of a doctor; managing life. Ranking army officials and stock traders are said to have many psychological similarities.
Lately the stress of the market has been literally hurting me. I decided this is what I want to focus on for the majority of my life and put an immense amount of pressure on myself to succeed. My investment philosophy is long term, and with the recent market events you can guess how terrible my portfolio is doing. The stress of watching money that I can't afford to lose vanish into thin air is what they were talking about.
I can only imagine what losing other people's money or not being able to support a family because of a downturn in the market must be like. I'm glad I learned this lesson early and I understand now why rule number 1 is "Don't lose money" and why rule number 2 is "Remember rule #1". It is because the stress that rule saves you allows you to continue in the business and gives you the most valuable asset to any investor. Time.
Wednesday, October 15, 2008
I want to be an Investor
A big hello to all my non-existent readers out there (at the moment anyway). This is the InvestorWannabe deciding that is about time to start a blog. I feel like writing some of my thoughts down for easy access and I think that perhaps someone might find them useful. Or at least get a good "oh I feel sorry for that guy" chuckle out of them.
What you should know about me: I have recently taken an interest in everything money. Naturally this has led me to the equity and currency markets with more of a focus on the stock markets. I have been reading ass loads of great investment books over the past years that I will probably quote frequently. I like Benjamen Graham, Warren Buffet, Phil Fisher (although I don't care for Ken Fisher to be honest), John Templeton, George Soros, William Oneil, and Gerald Loeb. If you happen to be Canadian and know Stephen Jarislowsky or Prem Watsa (CEO of Fairfax Holdings) I'm a fan of them too. Reading all their books and being a fan hasn't made me squat. Yet.
I'll throw the names of the investment books I have read up next time. Everyone loves a good investment book, right?
What you should know about me: I have recently taken an interest in everything money. Naturally this has led me to the equity and currency markets with more of a focus on the stock markets. I have been reading ass loads of great investment books over the past years that I will probably quote frequently. I like Benjamen Graham, Warren Buffet, Phil Fisher (although I don't care for Ken Fisher to be honest), John Templeton, George Soros, William Oneil, and Gerald Loeb. If you happen to be Canadian and know Stephen Jarislowsky or Prem Watsa (CEO of Fairfax Holdings) I'm a fan of them too. Reading all their books and being a fan hasn't made me squat. Yet.
I'll throw the names of the investment books I have read up next time. Everyone loves a good investment book, right?
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