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Buy low Sell high (pg. 8)
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| Spacey Orange |
Lagrangian, Nrg2Nfinit, and anyone else in the finance industry,
I need some advice.
I really want to gain a concrete and broad understanding of the financial system (i.e. its participants, roles, regulatory agencies-governmental and non, wealth strategies, etc).
In my free time in the past i've read finance textbooks, books on the history of finance and historical figures in finance, out of pure interest not necessarily because i was pursing a career in finance.
I'd like to learn more about the field and am thinking that learning to be a Certified Financial Planner or a Chartered Financial Analyst might be a good way to do it. From what little i've read, one needs to have a broad understanding to become one and the structure involved in becoming one might help me learn more but in an organized way. What do think? Or can you recommend another path, that does not involve the cost and time commitment of a university undergraduate or graduate education.
Moreover, what do you think about American Academy of Financial Management? They don't seem to have a good reputation. Are there other programs that i should look into? Thanks. |
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| Nrg2Nfinit |
1) pick a sector
2) put a bit of money on it
3) research it until you're blue in the face
4) read the newspapers everday.
5) watch how news affects your investments
http://www.forexfactory.com/calendar.php
follow this calendar. see the numbers that come out. compare them to analyst estimates, see how the specific market gets affected. research on why the reaction came out as it did.
I just do this for fun btw :) me no have finance background. |
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| Spacey Orange |
would it really hurt you to lie? as an aside, did you ever see the Seinfeld episode where George's mom takes Jerry's girlfriend's marital advice because her last name is Change (which she believes makes her wise) and whereupon finding out that she is from Long Island totally dismisses it?
i think i may do that. i'm going to pick a a company that i'm genuinely interested in and research it and track it. maybe even buy a few shares to make it interesting. what's the least number of shares one can buy?
still looking for other responses to my original question. thanks.
EDIT
where is a good place to begin my research? the company's annual report. SEC filings? any websites? |
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| pkcRAISTLIN |
absolutely dont pay any attention to anything Lagrangian says. that guy understands nothing.
I really don’t know what to suggest; your query is pretty damn wide. Wiki is as good a place to start as any if you’re looking at the basics of regulation- SEC, federal reserve, treasury etc. |
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| Nrg2Nfinit |
1st year accounting textbook (college)
learn at least your debits and credits, financial statements
balance sheet, cashflow and income statement (Retained earnings as well) and how they tie together
from there you can learn about valuations
That is if you want to start investing in companies. Comodities is another game, you will need to learn some techinicals, supply / demand open interest etc.
investopedia is a great start for definitions and wiki. |
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| Spacey Orange |
I just wrote I really want to gain a concrete real world hands on understanding of the financial system, to benefit me professionally and satisfy my curiosity. With these twin goals i mind, I have a nascent desire on becoming a Certified Financial Planner or a Chartered Financial Analyst. I believe that the coursework involved to be come certified may help me achieve my goals.
Or is there another structured path, that does not involve the cost and time commitment of a university undergraduate or graduate education that might help me achieve this? Or does anyone recommend another site where someone else might be able to answer my query?
i hope i was more clear this time. thanks. |
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| Nrg2Nfinit |
do your cfa,
you don't need a background to do it. but it would help. |
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| Lagrangian |
Go for it, Spacey Orange. Remember, one must continue learning in order to become lord zith. Embrace the dark side.
What a week, my fellow investors. The Bank of New Zealand came out earlier this week warning traders that the 'Kiwi' is not a 'one-way-trade'. The former shepherd, with little to no understanding of high finance, made many bulls (such as myself) incurr in painful losses. The Kiwi dropped about 1% against the yen, I lost 8% on that trade.
I'm scalping the Sterling-Yen pair on the spot forex market as it's way more profitable than long-term trades; although, i must say, the overall outlook for the sterling pound is BEARISH. I'm expecting a correction as the Bank of England aims to sustain Inflation at 3.5% by devaluing their currency and boosting FTSE securities across the board (with the hopes of damping increasing unemployment).
It was fair week; I lost some money; but, I'm still in the green for the year. Such is the life of a trader: you lose some, you win some.
:)
Precious metals took a beating, and with the Fed planning to reduce their QE measures the overall market made a correction which might take the S&P 500 to 1484-1490 levels by next week. Unemployment in the U.S is up, and with the sequester in the horizon I see this trend going on for quite a bit.
| quote: | The two most hated currencies in the world right now are: The Japanese Yen and The British Pound.
In the case of the yen, the new Prime Minister Shinzo Abe has come into power with an aggressive easing agenda (both monetary and fiscal). The yen has been getting slaughtered since November.
In the case of the British pound (which has been getting hammered all year) the currency is weakening on a combination of weak economic prospects, a worsening balance of trade, and the expectation that newly incoming Bank of England chief Mark Carney will be inclined to ease policy further.
And George Soros is apparently going after both currencies.
The FT's Sam Jones reports:
Ask some of the world’s biggest hedge funds where they are watching for the next big shift in global markets and many will point to the same place: sterling. Having made billions successfully shorting the yen since November, top global macro traders – funds such as Soros Fund Management, Tudor Investment Corporation, Caxton Associates and Moore Capital – are increasingly looking at the pound. |
http://www.businessinsider.com/soro...ound-yen-2013-2
In politics and economics, Black Wednesday refers to the events of 16 September 1992 when the British Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after they were unable to keep it above its agreed lower limit. George Soros, the most high profile of the currency market investors, made over US$1 billion profit by short selling sterling.
In 1997 the UK Treasury estimated the cost of Black Wednesday at £3.4 billion, with the actual cost being £3.3 billion which was revealed in 2005 under the Freedom of Information Act (FoI).[1]
The trading losses in August and September were estimated at £800 million, but the main loss to taxpayers arose because the devaluation could have made them a profit. The papers show that if the government had maintained $24 billion foreign currency reserves and the pound had fallen by the same amount, the UK would have made a £2.4 billion profit on sterling's devaluation.[2][need quotation to verify] Newspapers also revealed that the Treasury spent £27 billion of reserves in propping up the pound.
http://en.wikipedia.org/wiki/Black_wednesday |
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| Nrg2Nfinit |
yea you short the pound yet?
I just threw another tier down on gold cos no protection yet.
once people wake up and the stimulus train starts rolling again.. i bet we see gold back to its highs again
right now gold co's are suffering more than gold itself.
I say we get a nice reversal once gold starts running again and we see the hui outperform spot.
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