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Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Re: good time to get rid of some stuff & TLT/SHV||Date: 1/9/2013 3:59 PM|
|Author: globalist2013||Number: 34634 of 35985|
Through E*Trade, I've got access to Moodys bond reports, but not SP's, though on occasion, I've pulled the SP stock report to get a sense of a company and its industry. Yeah, I'd like to have access to more sources of info. But I'm a tiny, tiny, tiny retail account who can't pay for research. (My AUM still is under $1 Million, though I'm on track to earn my "accredited investor" label soon enough.)
Also, with regard to "info", there's a strategic and tactical problem well-summarized by the quip, "The man who has two watches never knows what time it really is." Sometimes, 'less' really is 'more'. But the one thing I really would like to have is more historical data on T&S than FINRA currently provides, which is merely a 1-year look-back. But the bond game is what it is. So you play it on its terms, or you don't play.
"Would I make better money if I had better info sources?"
I really doubt it. The key to winning any betting game (stock betting, bond betting, currency betting, commodities betting) is knowing who you are. Of the triad, Money-Market-Mind, the trader (her or himself) is the weak link. It is he (or she) who creates his or her wins and losses, not markets, and certainly not by having more or less data/information than competitors but --as Marty Whitman argues-- using the same info in superior ways. Even just the traditional methods and traditional techniques (EOD prices, chart paper, pencil, and ruler) are all one needs to makes more money than one could ever spend. And there's guys still in this country doing that. Almost no one has heard of them. But they're doing amazing things, like turning $5k into $15 million in a dozen years with audited records to prove it.
Yeah, today was good day. Now I'm ready for my bike ride.
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