brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
To someone that doesn't understand the market, active investment through a "dogs of the DOW" approach or directly trading stocks is doomed to failure. But don't generalize it to folks that actually put the effort into coming up with a profitable strategy. I know, impossible... Just keep thinking that; it makes it easier for the rest of us
I will point out a giant hole in your junk bond review, as an example. You don't read the prospectus and indenture when you buy junk? If not, expect to get badly burned from time to time.
I am also curious how you buy and sell junk bonds. Trade execution for retail lots is atrocious compared to equities, with bid/ask spreads commonly 3 points or worse. I am also curious how all of this will work out in one of the many periods where the junk market hiccups and there is pretty much zero liquidity for such bonds.
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