Jubilee Prosperity

For most people, this kind of extremely volatile buy, hold and hope does not work to induce calm restful sleep at night. One of the greatest traders of all time, Jesse Lauriston Livermore, advised selling down to the sleeping point.

http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore

That’s why we use mental stops to get out of positions that don’t go our way. We employ patience to stay with the ones that do. That way, we can be wrong most of the time and still profit well in the long-term.

Give us this day our daily bread.

We make our investments daily, we monitor them weekly and monthly. We review our investments quarterly and report them annually.

Nothing succeeds like success. We advise either dollar cost averaging through thick and thin, which requires courage and patience in tough times that may last decades, or cutting losses and letting profits grow to protect and accumulate capital, which requires discipline.

Ecclesiastes 5 (New International Version)

11As goods increase, so do those who consume them. And what benefit are they to the owner except to feast his eyes on them?

Call this Art Laffer’s Supply Side economics with a caveat or Barack Obama’s grow up economics with a warning.

http://en.wikipedia.org/wiki/Arthur_Laffer

http://www.nationwidespeakers.com/speaker/219/art-laffer/global-economist

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This entry was posted on Monday, April 6th, 2009 at 12:28 am and is filed under Prosperity. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.