MY JOURNAL FOR MONDAY MORNING – NOVEMBER 18, 2019
NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS
Avoid these 5 deadly investing sins – 5i Research 📰
The Five Deadly Investment Sins start with the temptation to sell stocks too soon
The Seven Deadly Sins were once singled out as examples of human weakness to be avoided at all costs. But when it comes to investing, Peter Hodson, says there are five that really matter.
Mr. Hodson, at one-time chairman of Sprott Asset Management LP, says he has seen these sins repeated many times. They play havoc with your returns, chip away at your nest egg and lead to plenty of sleepless nights.
“If I was to sum it up, keep your investments simple, because more complexity usually means more fees. And be aware of conflicts of interest,” Mr. Hodson says.
Mr Hodson is a Chartered Financial Analyst, a fellow of the Canadian Securities Institute and during his time at Sprott managed funds with more than $1.1 billion in assets. He left in 2011 and bought Canadian MoneySaver Magazine and founded 5i Research Inc. The subscription service has answered thousands of questions and the themes among them have shaped his list of sins.
Mr. Hodson believes that good advice from an advisor is well worth the money, but some people prefer the DIY route. But whichever way you go, the more involved you are with your financial affairs, the better off you will be. – READ MORE
Peter Hodson, CFA, is Founder and Head of Research of 5i Research, a conflict-free investment research provider for retail investors offering research reports, model portfolios and investor Q&A, which is available to try for free (Click Here).
Stock Market Outlook for November 12, 2019 – EquityClock.com 📊
A day delayed due to the Veterans Day on Monday, the Energy Information Administration (EIA) released its latest look at petroleum inventories in the US. The EIA reports that oil inventories expanded by 2.2 million barrels last week, while gasoline stockpiles expanded by 1.9 million barrels. The result saw the days of supply of oil remain unchanged at 28.3, while gasoline expanded by three-tenths to 23.2. The average days of supply for each at this time of year is 22.8 and 23.2, respectively. In our intraday report to subscribers, we highlighted certain things to look out for in order to become bullish of the energy sector. Subscribe now to receive this report.
Tech Talk is a free stock market letter service available at TimingTheMarkets.com and EquityClock.com. Ask us about the Seasonal Advantage Portfolio.
Rationality and the Lizard Brain with Terry Burnham – The Human Behavior Series Episode #4 – Trend Following 📺
This series dives into human behavior with some of the great thinkers that have dedicated their lives to deciphering the human mind. These insights can have a huge impact on how you see yourself and the world around you. A new episode every week – so SUBSCRIBE to stay updated.
Episode #4 – Rationality and the Lizard Brain
Guest – Terry Burnham
Terry Burnham is an economist who studies the biological and evolutionary basis of human behavior. He has a Ph.D. in Business Economics from Harvard University, a Masters from the MIT Sloan School with a concentration in finance. HIs undergraduate degree is in biophysics from the University of Michigan. Prior to Chapman, Terry was a professor at the Harvard Kennedy School, the University of Michigan, and the Harvard Business School. His non-academic experiences include working briefly for Goldman, Sachs & Co., being the chief financial officer for Progenics Pharmaceuticals , a start-up biotechnology company, and being the director of portfolio management for Acadian Asset Management, a quantitative equity manager.
BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS 📈
CGI Group (TSX:GIB.A)
Lundin Mining (TSX:LUN)
The Descartes Systems Group (TSX:DSG)
TC Energy (TSX:TRP)
Brookfield Property Partners (TSX:BPY.UN)
Parex Resources (TSX:PXT)
MOMENTUM ALERT SIGNALS 📡
Have a great day! 🙂
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