A simple way that you can become your own investment adviser using the trend following plan developed by Dick Fabian.
Getting Started
So, now that you have looked over the information contained on this site you may be wondering, how do I start?
My suggestion is to not just jump in based upon what I have been showing you. If this simple, Trend Following, method of managing your investments makes sense to you, you need to educate yourself. You need to gain a thorough understanding of how it works and the steps involved.
The way I started out, as suggested by Dick Fabian, was to paper trade the system using historical data.
I took the buy and sell signals that were generated buy the movement above and below the trend line and did a what if. What if I purchased my mutual funds when a buy was generated and held them until a sell was generated? How would I have done compared to traditional buy and hold investing?
I back tested the method by paper trading for a 5-year period. When it was all done, I was satisfied that the plan was simple to understand, simple to implement and had the potential to generate better than average returns.
If you do your research, educate yourself and come to the same conclusion I did, you may be ready to move forward.
If, when you are visiting this web site, the market is in an uptrend, you need just monitor your current investments as outlined in Step 4.
If, on the other hand, when you visit this site the market is in a downtrend, you need to ask yourself if you are willing to suffer the potential big losses that can occur during a prolonged downtrend. Or, would be able to sleep better at night if your money was in the safety of a money market fund.
The choice is yours but as I have said elsewhere on this site. If you take only one thing away with you after your visit this site, here it is this; YOU MUST HAVE A SELL DISCIPLINE!