Retail.... 10% actually win?
- Thread starter schizo
- Start date
His undergrad degree was in Psychology and Philosophy. What's that tell ya?
He used to take his family on road trips to different cities, and he'd sit on a bench in the mall all day while they shopped, watching what stores got the most foot traffic.
I bought CMG because of what I learned from Lynch. Cramer called it overpriced the day it IPO'd. In at $42, Cramer spooked me-- out at $38. Back in at $44ish, out at $62. Lynch never would have sold.
%%His undergrad degree was in Psychology and Philosophy. What's that tell ya?
He used to take his family on road trips to different cities, and he'd sit on a bench in the mall all day while they shopped, watching what stores got the most foot traffic.
I bought CMG because of what I learned from Lynch. Cramer called it overpriced the day it IPO'd. In at $42, Cramer spooked me-- out at $38. Back in at $44ish, out at $62. Lynch never would have sold.
LOL,just goes to show you, not 100% of psycho-babble[Mike douglas...nonsense ] is nonsense.
DR Van Tharp + DR Ari Kiev =helpful
His book /ONE Up on Wall Street, tells me a lot more ;
not clear if he was overall profitable on airlines.
Amazing Track Record/Big Bucks Track Record
Amazing-helpful book;50,000 Frenchmen Can Be Wrong= Chapter title.
He nicknamed 1987 brief bear ==a ''big burp'' + ''sneeze''
Probably more like the top 0.25-0.5% once you factor in opportunity costs. It’s not just about making money, it’s about exceeding 5-8% from passive (and with zero taxes until the gains are realized) plus the salary and benefits you could earn at another job.
His first trade ever, with caddying money as a kid shortly after his dad passed away, was buying shares in Flying Tigers for like $8. I wanna say it was 500 shares. (That's a big bet, $4000 for a kid that's caddying lol... trust me... I know. Maybe they were big tippers in Boston, because I never had that kind of $'s) Pretty sure he rode them north of $100 and cashed out to pay his tuition at BU.
Oh, well no wonder he had $4K, he caddied for the head of Fidelity.
Fidelity
In 1966, Lynch was hired as an intern with Fidelity Investments partly because he had been caddying for Fidelity's president, D. George Sullivan, (among others) at Brae Burn Country Club in Newton, Massachusetts.[15][16] He initially covered the paper, chemical, and publishing industries, and when he returned after a two-year Army stint he was hired permanently in 1969. This time Lynch was charged with following the textiles, metals, mining, and chemicals industries, eventually becoming Fidelity's director of research from 1974 to 1977.[17][18]
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GOOD REminder;
Carl Ichan made money off airlines also. I'll delegate that to them LOL
Maybe right, 11% of option + futures traders make money, in India.
Peter Lynch made it a point, he did no options or futures ;
but he did mention all the losers there . Amazing some ''elite'' traders have bragged about using no stops in trading.
Cash + cash funds markets are much better;
many more millionaires + winners+ dividend collectors.
Contrast the '''know it all \blow it all trader who use no stops'' with Peter Lynch ;
who admits he makes mistakes
Unless you're after GENERATIONAL WEALTH, which is more closer to a pipe dream, the only way to compound your existing wealth is through dividends and rental properties. And it's not that hard.
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Dividends/
fixing up other peoples rentals + homes, can be fine .
I like my home but dont need rentals, nor did i mind them payin ' me to fix up their rentals
Capitals gains, in Roth , tax free can work well ;
cash ETFs ,occasional SPXL, UPRO can work well.
Metal business or most any business can work well, USa .
I know an 50% Indian , never traded futures or options .
He did well bowhunting for deer ; + traded his time for a paycheck , water works deal. Good USa deal.
Giving a certain 10-15% or more is about the best risk reward ratio, may not pay every day.
IF SPY goes down about $7.77, this is4-4-- 24 hindsight\SDS + related may work well .