Benj Gallander's Contrarian Investor 13: How to Earn Superior Returns in the PDF

By Benj Gallander

ISBN-10: 1894663357

ISBN-13: 9781894663359

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Artwork can be an interesting choice, particularly if you purchase pieces that you'll enjoy on an ongoing basis because of their aesthetic qualities. Jewelry can be worn, and thus provides instant value along with the possibility of long-term appreciation. As most pawnbrokers will tell you, though, jewelry is more often than not a losing proposition as an investment relative to other possibilities. Stamps and coins have long been hobbies that people not only enjoy, but use as a means of storing wealth.

There is always the possibility that potential gains will be left on the table, but that is the nature of the game. Along came October 1997, and markets careered downwards. 2 percent A rule that I strongly adhere to—and it is by no means contrarian in nature—is this: Invest so that you can sleep at night. R I S K - R E W A R D R E L A T I O N S H I P S ARE OFTEN BOGUS 23 in a day. Global markets echoed the dangerous repercussions and took a nosedive, and on the Friday of the week's downturn, I unloaded the last of my global position.

However, I slept a lot sounder after the transaction. Although investing so that you can sleep at night isn't contrarian, I was obeying a rule that is: There is a time to panic. The key to panicking is to do so before the throngs do, and slither away quietly before any alarm bells are set off. When the masses panic, they tend to do so almost in unison, and valuations tumble in a hurry. As it turned out, my sale was early; the markets continued their meteoric rise. The bandwagon got heavier and heavier, until it appeared inordinately bloated, ready to topple.

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Contrarian Investor 13: How to Earn Superior Returns in the Stockmarket by Benj Gallander


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