Investment advice you cannot ignore


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You don't have to have a high IQ to be a successful investor. There are other nuances that need to be attended to.

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Investment advice you cannot ignore

  1. 1. Investment advice you cannot ignoreYou dont have to have a high IQ to be a successful investor. There are other nuances that need tobe attended to.Author : iFast Content TeamI know. I know.There are millions of quotes out there repeated to the point of weariness setting in. So, in allsincerity, I have attempted to refrain penning down the oft-quoted ones from the likes ofWarren Buffett, John Templeton, George Soros, Peter Lynch and Jim Rogers.Here are six interesting quotes by traders on top of their game. You may not trade, but a fewnuggets of wisdom from them can give you a better perspective on investing and making money.The underlying theme is that making mistakes and incurring losses comes with the territory.But the trick is not to get personal about your investments. Emotions and ego are your worstenemy. Objectivity is a great asset to have as an investor. Know what risk you are capable of,admit that you can make a bad investment and act accordingly.At the end of the day, the most important thing is how good are you at risk control.Paul Tudor JonesThis year, Jones gained notoriety for his comment that mothers cannot be successful tradersbecause connecting with a child is a focus “killer” in the intense world of macro trading. One ofJones’ earliest and major successes was anticipating and trading through Black Monday in 1987,tripling his money during the event due to large short positions. It is said that he made $100million that day.Experienced traders control risk, inexperienced traders chase gains.Alan FarleyAuthor, columnist and publisher of Hard Right Edge, Farley is best known as a swing trader. Thelatter is a style of trading that attempts to capture gains in a stock within one to four days basedon technical analysis to look for stocks with short-term price momentum.It’s OK to be wrong; it’s unforgiving to stay wrong.Martin ZweigInfluential investor, author and television pundit who died a few months ago. He was known forhis lavish lifestyle and eccentric and expensive memorabilia which included a $52,000 pooltable, Michael Jordan’s Chicago Bulls rookie jersey and Buddy Holly’s guitar.A trader should have no opinion. The stronger your opinion, the harder it is to get out of alosing position.Paul RotterA decade ago, Rotter was known just as a mysterious Eurex trader, not to mention the biggestand most controversial, whose identify was hidden behind the moniker “The Flipper”. He placedbuy and sell orders simultaneously, made very short-term trading decisions and spreadmultiple orders in different markets at the same time. Because he placed orders on both sides ofthe order book in numerous and interconnected markets, he was nicknamed “The Flipper”.The key to trading success is emotional discipline. If intelligence were the key, therewould be a lot more people making money trading… I know this will sound like a cliche,but the single most important reason that people lose money in the financial markets isthat they don’t cut their losses short.Victor Sperandeo
  2. 2. President and CEO of Alpha Financial Technologies, “Trader Vic” is a professional trader, indexdeveloper, financial market commentator, and author. An expert in commodities trading heworks on the premise that commodities are cyclical in nature and the best method is to captureas much of the major trends of each market as possible, while balancing that goal with minimumrisk.Emotional control is the most essential factor in playing the market.Jesse LivermoreThis advice worked excellently in his trading game, but he was a mess in his personal life. Hewas known to be a loner who suffered from depression who eventually took his own life. Duringhis life, he made and lost four colossal fortunes. He was most famous for selling the marketshort before the crash of 1929 enabling him to waltz his way into the Great Depression with$100 million. In order to conceal his movements and massive positions, he used to transmitorders through numerous brokers.Heres why you should consider investing in mutual funds.To buy and sell mutual funds online, click here.Disclaimer: iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual fundsof any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or bematerially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or saleof any mutual fund. No investment decision should be taken without first viewing a mutual funds scheme information documentincluding statement of additional information. Any advice herein is made on a general basis and does not take into account thespecific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, andlegal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative ofthe future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise.Opinions expressed herein are subject to change without notice. Please read our disclaimer on the website. Please read ourdisclaimer in the website. Risk Factors: Mutual funds, like securities investments, are subject to market risks and there is noguarantee against loss in the Scheme or that the Scheme’s objectives will be achieved. As with any investment in securities, the NAVof the Units issued under the Scheme can go up or down depending on various factors and forces affecting capital markets. Pastperformance of the Sponsor/the AMC/the Mutual Fund does not indicate the future performance of the Scheme. The name of theScheme does not in any manner indicate the quality of the Scheme, its future prospects or returns. Please read the Statement ofAdditional Information and Scheme Information Document carefully before investing.