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Greetings, fellow Pro-fundity team members -
7-16-99 Page

    This week's Editorial Guidepost:

  1. Last week we introduced the fourth installment on conservative option plays as a new member link on the main page. This made this tutorial, as well as the previous three option tutorials, available to members any time they chose to review the material. We intend to continue with this format, keeping this important information easy for members to access.

  2. As this bull market continues to break record high after record high an interesting change is taking place. One of my favorite money magazines is Kiplinger's Personal Finance. In the most recent issue several articles deal with fund managers lamenting the exodus of money out of their funds and into stocks. In recent times the funds have performed badly compared to the Standard & Poor's 500-stock index. Many investors/traders realize they can do as well or better in the market than they are doing with their money tied up in mutual funds. This has moved money away from funds and into direct ownership of stocks. Thus, the fund managers lament.

  3. One esteemed fund manager said, "...there have always been damn fool investors, but we've gone to an extreme. Auto mechanics and graduate students are trying to decide if they're great traders. So far, they've been right." Do I detect a bit of sour grapes? We've said repeatedly, it doesn't require a rocket scientist to make money in direct ownership of stocks. It does require a level of understanding, common sense, patience and the ability to pull the trigger when appropriate. Each of these elements depend on our own personal tolerance for risk. If we spend each day pouring over the computer or stock market quotes in the paper biting our nails to the quick we shouldn't be here. This should be a lot of fun. We have added a Member link on Risk this week that may help us understand this better. Take time to read and re-read this important offering.

    • What is the difference between investing and gambling?

    • How does speculation fit in with sound investment planning?

    • How does the relationship between risk and reward affect my choices?

  4. And so, to those garage mechanics, graduate students, business owners, soccer mom's, government servants, ranchers, school teachers, and all the rest of us who believe in the American dream (I should stop here, the American dream is not limited to those of us fortunate enough to live in America. My experience tells me this is a universal desire endowed upon us all by our creator to do better, to be better, to take charge of our own destiny. The idea that somebody else is going to take care of us is an illusion. Our subscriber base extends beyond the USA.)

  5. Oops, better get off my soap box! To all who feel this way we provide the Pro-fundity Page as a guide. Not to do for you what you should or can do for yourselves, but as a help to provide you the confidence in yourself in fulfilling this dream.

  6. May we continue to learn by engaging in the process. Paper trades will provide this experience with very low cost (no cost, save the time invested).

    Understanding :

    It is our intent to help our subscribers understand market strategies well enough to make informed decisions and understand the risks.

    We provide TC-2000 tutorials to members. See the Member Login page.

    Be diligent...
    Take action!






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