What My Horse Had For Breakfast

Let's see , he had some oats , fresh alfalfa and his vitamins . I know from the mixture that is delicious food and he will win . Seventh game of the afternoon He can not lose because of his diet and a good jockey will ride him go .

Kinda reminds me of what my broker ( horse trainer ) told me to do when selecting a mutual fund I buy . He said to check what is in the fund ( the mixture of stocks , as was breakfast my horse ) and see if there was a good fund manager ( the jockey ) . I did what he said and carefully. Annual report and the prospectus Sounds great so I bought it .

What I can not understand is that I did all the things that the horse trainer said I should and " Rocket " , the name of my horse , came in 6th in an 8 - horse race . All I wanted him came in the first did and I can not say I 'm crazy about that fund , either .

This fund has a 5 - star rating, is managed by one of the big names on Wall Street and features 60 of the most famous company shares that I can think of and still is going down . I'm all conventional wisdom says I should do, but I keep losing . Is there and answer ?

I 'm not so sure about the horse , but I know that the conventional wisdom of Wall Street is mostly smoke and mirrors . I read the report , but I forgot that " annual" means that much of the information is over a year old. How much help can that be? And I forgot that the prospectus is not written to relieve me, but for the bean counters in Washington . It is intended to provide all financial information I need to buy to make me care. Available a decision All this research is nonsense , because it will not tell me one important thing I need to know - will the price increase so I can make a profit ? Unfortunately my broker not going to help much here even if he is trained by the Wall Street method that has nothing to do with making money or protecting my capital has .

Anyone can look up all sorts of information , but when it comes to this question : Will know all these things make me any money ? I've always found that if I can find it is not worth to know no more , because that information is already reflected in the price of the stock or mutual fund . So why would you ?

Wall Street brokerage companies want you all that "research" to do , because if what you buy does not go up , they can say you knew about before you bought it . It was not their fault that you did not understand.

I think I have to sell . That horse And stop listening to my broker .

Al Thomas ' book , "If it does not go up , do not buy ! " Has helped thousands of people make money and keep their profits with his simple 2 - step method . Read the first chapter at  and discover why he's the man that Wall Street does not want you to know .