![]() ![]() Remember, the market is run by people and what they care about is not necessarily the same as what you should. Why not just go with the index fund and eliminate all the financial engineering, the commissions, the high fees, etc? I believe the index funds I have seen have been able to produce the same or better returns than the MMM funds that consume a lot of energy, juice, and sacrifice their real performance. So as the major indexes go up, so does the fund return, as the Index falls, along with the fund, so does its performance. All of these are attempting to serve as benchmarks to show how the major indices have done. I'm not convinced that an index fund will outperform the market because the returns from the index are based on the performance of the major indexes (S&P, DJIA,NYSE-A, DAX, Euro Stoxx-25, Nikkei & NASD-100+500). A book like this could be of real help to someone who wants to become a swing trader of the day. Once the market was ruined, those investors took a beating. This book cites how in the mid 1930's investors were saying that bonds were the safest place to put their money. That is my main interest, how things have changed over time and how they are different today than they were in the 1940's. ![]() In the first two chapters of the book, Wyckoff describes his method using 17 years of trading and discusses how the market has changed over that time. This is not to say that you won't be able to make a fairly large sum of money but its not obvious that it is possible to do so at all. For example, this book claims that someone was able to make a quarter million dollars a year just picking and, well, picking stocks. There are quite a few books called "The Street Wise Guy" or "nobody knows" or "stupid ideas" or "I can tell you how to lose it etc.".
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