Unbridled optimism in U.S. stocks seemed to follow us into the New Year.
- Jan 07, 2005
HI, MY NAME IS DYLAN AND I’M AN INDIVIDUAL INVESTOR.
ALL OF YOU TOGETHER: HI DYLAN!
ME: Thanks for inviting me to share my story.
I know how limited email boxes can be so I appreciate the time.
ONE OF YOU: Thanks for sharing.
ME: Uh, yea…thanks again for having me.
Anyway, this is a little odd for me. I’ve never shared my story
at a support group before…
But Marc invited me to speak to ya’ll today…
I guess he thought by telling you my story, I may be able to
help you see past the blind bullishness in the marketplace
ONE OF YOU: Keep coming back!
ME: Uh, well, thanks…
Let’s see, where do I start?
For those of you who don’t know, I’m the Chief Investment Officer
of Tycoon Research.
ALL OF YOU: APPLAUSE
ME: Please, please…you’re gonna make me blush…
ALL OF YOU: LAUGHTER
ME: Ok, Ok enough.
ALL OF YOU: UNCOMFORTABLE SILENCE.
ME: I’m sorry…um, where was I?
Well, Tycoon Research is a montly investment newsletter that gives
members objective advice on where they should invest their money.
ONE OF YOU: What’s the website?
ME: Oh, Yes…It’s..um…www.tycoonresearch.com
But I know we’re all limited on time, so let me get on with it…
I started my investing career at a very early age.
I don’t know…I was probably running away from something or whatever,
but for some reason I just took to it.
At first it wasn’t too bad.
Sure I read the Wall Street Journal and watched CNBC, but I was in
I only traded when I thought I could make money.
But, as I’m sure many of you could relate to, my addiction progressed…
Before I knew it I was using Bloomberg and pulling all-nighters
watching market news…
I couldn’t have been more than 19 at the time….(PAUSE)
ONE OF YOU: IT’S OK, TAKE YOUR TIME.
ME: Thanks…thanks very much…
But then it got worse. Much worse.
Pretty soon I actually became part of the herd.
Whenever Wall Street became bullish I became bullish.
Whenever Wall Street turned bearish I automatically turned bearish.
Right before I hit Rock Bottom I even found myself repeating
what the television pundits were saying any time I went to a party.
ALL OF YOU: GASP!
ME: Yea, it was bad.
I almost lost everything.
My ability to think for myself, my identity….everything…
So I guess that’s why I’m really here today.
You’ve all been watching the news recently, right?
ALL OF YOU: YEA!
ME: Then you know what I mean when I say the last two months
have seen an amazing disconnect between the performance of the
stock market and underlying fundamentals.
ALL OF YOU: HERE, HERE.
ME: It seems that everywhere I look, everybody is ignoring
some pretty dismal fundamentals.
Gosh, one report I read even predicted a 15 percent rise in
the S & P this year!
And that was from a “reputable” brokerage firm!
ALL OF YOU: GASP!
ME: So, I guess I’m here today to remind you that sometimes
the hardest thing to do is ignore what “smart” money is saying and stick
to your investment philosophy.
Especially if your investment philosophy, like mine, was forged by years
of experience and knowledge.
So, as we enter 2005, let me share with you what I’m sharing
with subscribers to Tycoon Research:
Regardless of what you hear, 2005 is at an economic tipping point.
That’s because the U.S. is facing a rapidly falling dollar,
outrageously high deficits, and rising inflation.
That means the stock market is at a tipping point.
But the chances of the market going lower are greater than the
chances of the market going higher.
Therefore, “CAREFUL” is the Watchword as we enter the new year.
What that means to us at Tycoon Research is that we’ll often be
reminding our subscribers of our 2 golden rules of investing:
Rule #1: Don’t lose money
Rule #2: Don’t forget rule #1.
ALL OF YOU: APPLAUSE.
ME: Thank you, thank you.
Yea, you in the back. Do you have a question sir?
DUDE IN THE BACK: WHERE CAN WE FIND OUT WHAT STOCKS YOU’RE BUYING?
ME: That’s easy.
Go to www.tycoonresearch.com.
Feel free to sign up for a free 30-day trial….it’s on me.
ALL OF YOU: RESOUNDING APPLAUSE.
ME: Remember, you are what you read.