So far, there have been 18 posts on this site, but the posts which sum up my market philosophy are the 5 as follows:
August 2010 A Message to My Family Friends and Associates.
April 2011 Not a tough Decision
May 2011 - Play Till May Sell Alert
Nov 2011 Its November But …Risk Off
Dec 2011 Going All the Way….To Cash
Its surprising to me….by having taken a top down approach to investing , I have been forced to continuously ask myself why this or that macro economic remedy isn’t working. A very useful exercise for finding “ devils in the details “.
This includes spending some considerable time just thinking, ( what a luxury ) about why the Occupy Wall Street movement had outsiders asking ” what is this fuss all about “ ?
” I’m as mad as hell and I’m not going to take it anymore “ just won’t get the wheels turning.
What was missing from this action was the focus and the ability to articulate to the rest of us specifically what needed to happen to make middle class America feel less ripped off, and more included.
I’ve decided that what the Occupy movement really wants is REFORM !
So, now I’m off on that tangent… with the ultimate goal of fully understanding and being able to enumerate and articulate the changes required to make it safer for an ordinary individual to invest in equities, and have faith that our institutions, including financial markets, are not rigged, from the inside, against him.
So far, my list includes … term limits - line item veto, system to encourage whistle blowers, Congressional staff conflicts of interest, lobbyists, restraints on Congressional insider trading and front running, eliminating earmarks , rules on crossing the employment line from government to industry and back again, how corporate boards are selected and audited , investor rights, flat tax, and how congressmen report to constituents….with more to come.
Lots of research to do, before I start offering any home grown solutions.
This activity is parallel to my constant monitoring of potential ETF investments
Richard aka Rich, Dick, RMG and Smiley from Woodlawn