2007-01-19 08:44:37 · 2 answers · asked by milan 1 in Business & Finance ➔ Investing
You really have to develop your *own* system. There are a lot of reasons for that:
- If a purchaseble system is worth its money, why aren't the inventors using it themselves?
- No two investors are alike: a purchased system might not appeal to your style of investment.
- Only when you have developped and backtested your own system, it gives you the confidence to stick to it, even if you go through a bad period.
2007-01-21 22:56:12 · answer #1 · answered by cordefr 7 · 0⤊ 0⤋
I saw the Forex system on TV and I thought that it probably mostly makes money for the people who sell you the system. I think that investing in a mix of stocks with some bonds is best. It's slow going, but if you can make 8% a year, your money will double in nine years. (See The Rule of 72 for more info.) Slow and steady wins the race, invest on a constant basis, like every month. Good luck!
2007-01-20 00:40:45 · answer #2 · answered by Katherine W 7 · 0⤊ 0⤋