The Devil's Financial Dictionary
by Jason Zweig
Synergy, n. Often, the only thing one company gets when it buys another...
Rumor, n. The Wall Street equivalent of a fact.
Safe, adj. A term used to promote any investment that is about to explode.
Risk, n. The chance that you don't know what you are doing when you think you do; the prerequisite for losing more money in a shorter period of time than you could ever imagine possible...
Long-Term, adj. On Wall Street, a phrase used to describe that begins approximately thirty seconds from now and ends, at most, a few weeks from now.
Plus, conj. Minus. When added to the name of a mutual fund or portfolio strategy, this word almost always signifies the subtraction of something from investors’ results. An “income plus” fund, for instance, typically yields income plus losses. An “index plus” fund generally produces the results of an index portfolio plus greater risk. The use of the word “plus” does, however, accurately indicate the addition of higher fees by the company marketing the investment.
Idiot, n. See Day-Trader
Day-Trader, n. See Idiot
INDIVIDUAL INVESTOR, n. Someone who, without wise advice, is likely to ruin a small portfolio, generally $1 million or less. See INSTITUTIONAL INVESTOR.
INSTITUTIONAL INVESTOR, n. Someone who, without wise advice, is likely to ruin a large portfolio, generally $10 million or more. See INDIVIDUAL INVESTOR.
IRRATIONAL, adj. A word you use to describe any investor other than yourself.
Patience, n. A quality found among lower life forms such as snails & tortoises, but rarely among humans who invest in financial assets.
Thrift, n. The obsolete practice of spending less money than you earn, once believed to be a virtue, now regarded as a disturbing form of deviant behavior.
For more, check out the source here: » DictionaryJason Zweig
or the book here: » The Devil’s Financial DictionaryJason Zweig
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
Fair and balanced now.
ATTACH]36069[/ATTACH]
FS
FogSailing
Try to learn something about everything and everything about something.
Those were priceless. I may have to refer back to them regularly until the primaries and over. got to say I laughed harder at the Repub one, think there was more creative interps on display there, maybe due to more opportunities?
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
I couldn't help but overhear two guys in their mid-twenties while sitting at the bar last night.
One of the guys says to his buddy: "Man - you look tired."
His buddy says, "Man I'm exhausted. My girlfriend and I have sex all the time. She's after me 3 and 4 times a day,
I just don't know what to do."
A fellow about age 70, sitting a couple of stools down, also overheard the conversation.
He looked over at the two young men, and with the wisdom of years says:
"Marry her. That'll put a stop to that ****."
Attachment 36148
You just can't beat Mother Nature!
FogSailing
Try to learn something about everything and everything about something.
https://www.youtube.com/embed/5vr66IMAcPA
Russian Motorcyclists are Stupid,Drunk, and Blind
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks