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Hello Crazy Gang,
The Footsie is now at the same level it was 2 months ago. This means, in theory, that your portfolio is worth exactly what it was in October.
In other words you have made no money at all - except perhaps for dividends.
But I am up about 8% on my Footsie portfolio. Even though the Footsie has not changed over two months.
Why? Because I bought and sold shares during this two months. If I had not done - all things being equal - I would be in the same position as I was mid October. That is no good to me. I need to make regular profits from shares just to live on - cos I am a pro.
The fact is, gang, that you need to buy shares at the right time, and sell 'em at the right time to make dough. Just sitting still works but only if shares in general rise a lot.
If the Footsie sits on its bum, as it has done for a few months, you get nowhere if you don't trade.
If the Footsie continues to rise to Christmas and into the New Year, as I expect, then I can afford to sit back. On the other hand, I can probably make even more dough by buying and selling, even in a strong bull run.
But what do I know? Let's discuss it in the Punters' Return!
To find out more about Malcolm CLICK HERE
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