At 4 00 though sometimes go into extra innings but at least we got some sports, it happens to be in the form of a stock market had sports gamblers descend because they have Nothing Better to do, nothing else to do. Does that explain the action today when the dow gained 131 points and s p claimed nasdaq jumped but be careful, there were late day reversals or just investors pouring money into the same members of the new high list based on a winners win philosophy maybe driven by foreign buyers honestly, at this point it could be all three and the problem with these constituent sees is they make things more dangerous for the rest of us how do i know this i made it up no let me first, i did some first class work by my friend david, the master of research at goldman sachs. In his mustread u. S. Weekly kick start, he talks about how Foreign Investors with largest net buyers of u. S. Stocks in the First Quarter and notes that there is a surge in retail trading. Retail meaning like regular peo
Absolutely the most important one, but still just one part of building real wealth. There are some people, call them the 1 if you will, who can make enough money from their ordinary daytoday income to become truly rich. What a great thing. But for the vast majority of americans, that paycheck is simply not enough. You need to augment it, work with it. If you keep watching, im going to tell you how to do that, not just for the next year or two years but the rest of your life. Now, usually i come in here and tell you what i think of the market, what themes are think are best, stocks that best fit those themes but the truth is before you even start investing in stocks, there are a lot of other things you have to do if you want the payoff from those investments to mean something lathe e later on in life when you most need the money. You may not want to hear this, but its fruitless to think you can get rich in stocks if you havent laid down a tune decontamination for building longterm wealt
We hear from companies, a company that i repeatedly predicted over time. It would be too valuable to stay independent. It does testing measurement of everything to computers to life science and cloning. It has a storied history. Having been part of the hewlettpackard empire. It has gotten the last laugh because the business is in secular growth mode. It has devolved into two companies that are seemingly in decline. Hp ink and hp enterprises, a catchall company that i think is still trying to find its over way. What amazes me is that it has so Much Technology for the very high growth Life Sciences field, hasnt attracted any suitors. It would be a natural for companies that could both use the product line extension. I would never recommend a stock for a takeover basis. But i cant do it if the fundamentals arent strong. If it has good quarter it could be hard to stay independent in what is a could not sol dating segment. He know youre tired of hearing about the debt. It is confined to the
Important one. There are some people, call them 1 if you will, who can make enough money from their ordinary daytoday income to become truly rich. What a great thing. But for the vast majority of americans, that paycheck is not enough. You need to augment it, work with it. And if you keep watching, im going to tell you how to do that, not just for the next year or two years but the rest of your life. Usually i come in here and tell you what i think of the markets, what themes are the best, stocks that fit those themes. But the truth is before you start investing in stocks there are a lot of other things you have to do if you want the payoff from those investments to mean something later in life. When you most need the money. You may not want to hear this, but its fruitless to think you can get rich in stocks if you havent laid down a foundation for building longterm wealth beforehand. What do i mean . Simple. You can make a fortune in the market but if youre hem regging money anywhere
It is fruitless to think you can get rich in stocks if you havent laid the foundation for long term wealth before hand. You can make a fortunate in the market but if you are hem rajing money portfolio wont do much for you. There are three absolute necessariety etiety etthings you need before owning a stock. Here on mad money i feel remiss for not teaching this more often. Few colleges teach you a thing about managing your finances, doesnt mean i cant offer personal finance mad money stuff. Especially because i know many ofou crave this kind of you ask for it every day. So im done ignoring it end tonight. Three things you must do, first, i know this sounds boring and you heard it a million times, sucks the life out of everything, i need to say it, you need to hear it, you have to, have to pay off all is that Credit Card Debt. I got to nag you on the subject. Not that you should cut them up in little pieces. Ive seen hand bags, where credit cards are evil. I do acknowledge the facts. The