MY TAKE ON INVESTING

Like everyone else, there is only one reason why I study, analyse and participate in the financial markets - and that is to make money. But the difference with me and most other people is that I am willing to use anything (legally) possible to do it. If counting the number of cockroaches that I see everyday gives me an edge in the market, I'll do it. If it works, I'll use it; be it keeping tabs on the economy, looking at charts and indicators (technical analysis), looking at value or growth potential (fundamental analysis), profits & earnings + other related market activity (quantitive analysis), through insider activity + consumer surveys (sentiment analysis) and yes even astrology.

I've spent over five years monitoring, studying, observing and trading the financial markets. My quest was to find out what makes the financial markets move, to find something substantial, something that will provide consistent monetary gains. I don't want to just accept what other authors say/write as gospel truth, I want to know why. In 2005, I took a masters degree in finance to see if what they teach in the university adds any value towards investing success - the answer is 'not really'. Investment knowledge builds up with time - what might seem unimportant to you now may become what you need to get you to the next 'level'. Such is my experience with fundamental, quantitative, economic and sentiment analysis.

What you see in this blog represents quite a number of item(s) and technique(s) that have met - like what W.D. Gann says - my '(utmost) satisfaction' and I hope that they can be of use to the investment pilgrim who's also on a quest for understanding and success.
Please Support This Blog By Clicking On The Advertisement(s) In The Sidebar If The Content Has Been Helpful To You. Thanks.

Saturday, August 11, 2007

US & Asia Pacific Equity Markets Commentary 03 - 10 Aug 07

The commentary for 03 - 10 Aug 07 have been posted and they can be viewed at:
US and Asia Pacific Equity Markets Commentary

The U.S. commentary is being done at the moment and should be up in a few hours.

The overview page is current "work in progress" and will be done if when I get the time. I've written a short section about why fundamental analysis should not be used by itself in the Australian Market commentary here. The reason why I did it was because one of my mates at Mariner Financial showed the webpage to one of his mates working at an analyst (I think), and I was immediately branded as a Technical Analyst. Not that I've any problem with that, but what he commented was very true about the retail investment funds industry - that they are all very fundamentally driven and view technical analysis as a high risk methodology.

I don't blame them for thinking like that because that's what they've been taught to believe in, and how they got the job in the first place. And when I go for interviews at such places, I had to "hide" the fact that I do technical analysis because it was frowned upon. I was telling Geoff that I might be better off "playing the game" by trying to be fundamentally inclined and get the job, and if I play it well enough, I'll hit 6-figures in 2 years as an analyst. But alas, my wretchedness got the better of me, not wanting to give in and to keep doing what I know is much better. But don't get me wrong, I believe in fundamentals and incorporate it into my methodology, I just don't use it by itself.

Went for a psychometric test for a position in Macquarie Bank last Friday, but have really no clue about the outcome. I answered the questions as truthfully as I can and hopefully I'm what they want.

Take care.

posted by SmokingFlax @ 9:53 PM   2 comments