In Relationship Investing, experienced Wall Street analyst Jeffrey Weiss shows how treating an investment like a personal relationship simplifies your stock market decisions. In clear and accessible terms, he shows how, by following this simple premise, you can remove complexity and anxiety from buying and selling stocks and achieve improved investment results.
Introduction:
The only guarantees in the business of investing in the stock market are hard work and losses. The unforgiving nature of the stock market requires both flexibility and the realization that, while many investors have indeed benefited handsomely from investing in this arena, ruinous market declines have upended the lives of others, and not just in the financial sense.
Therefore, capital preservation considerations should always precede capital appreciation considerations when it comes to investing your hard-earned capital. Concentrate on what you stand to lose if you’re wrong, not on your potential gain if you’re correct. After all, it’s not the latter outcome that will hurt you. I’m also reminded of a favorite saying of a market mentor of mine back in the 1970s, who remarked that “the stock market teaches you humility.” Carry these essential thoughts with you into the investment arena each and every day.
And remember that not everyone is suited to invest in the stock market. With this in mind, I’d like to present a uniquely different way in which to relate to the market’s mannerisms and movements—a nontechnical look at technical analysis (the discipline I use), you might say. I hope you like it. Maybe you’ll even be motivated to read some books on technical analysis or take a class or two for starters. Ultimately, however, the choice of how and whether to invest your hard-earned capital is yours.
Contents:
- My Story—Lessons Learned
- Relationship Investing
- The Greatest Analyst of All
- Why Technical Analysis?
- Risk Management
- Language Barrier
- Financial Freud
- Basic Training
- It Lives!
- Mirages
- All in the Family
- Back to School
- News
- Hopes and Dreams
- Reality (and Ego) Check
- Term Limits
- I Don’t Need the Money
- It’ll Come Back
- Don’t Yield to Yield
- Bob Barker
- Crowd Control
- The Macy’s Approach
- Stop It
- Ice Age
- Selling
- Asset Misallocation?
- The Odds
- Dollar Cost Averaging
- College Bound
- The Fallacy of Fees
- One in a Million
- Pursuing Perfection
- Dangerous Phrases
- Buy Low, Sell Lower
- You Can’t Go Wrong Taking a Profit—Really?
- Deal with It!
- The Hard Way
- Company Stock
- It Was Grandpa’s
- It’s Not Going Broke
- It’s a “Blue Chip”
- The Pick-Your-Price Stock
- “Wax On, Wax Off” (or Rinse and Repeat)
- The Final Chapter—For Now