Dow, S&P 500 Have Best Day Of 2012 As Turnover Increases
"I believe that the first step after deciding that you want to be financially independent is to divide your current assets into long and short term categories. 80-90% of your money should be in the long term group. For most people this will be mutual funds. Next is to set up a plan to regularly and consistently add to this area. I look for 20%+ out of long term investments. After that has been accomplished, the 10-20% that remains can be considered. Here I look for the big returns. I prefer to position trade options on stocks. Much of the site is designed to support option traders with trading ideas and ongoing education. To be successful one must have a way to find great stocks, know what option to buy, when to buy it and when to sell. Finally a clear system of money and risk management must be in place." - Stephen Cooper

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