Comments on: Rule #1 by Phil Town

By: Trader Mike

Trader Mike — Mon, 13 Feb 2006 13:51:00 +0000

Carnival of Investing, Issue 9

It’s carnival time! No, not that carnaval but the much more exciting 9th edition of the Carnival of Investing. For the uninitiated, this carnival consists of recent articles about investing from the blogosphere. Without further ado, here are this week…

By: Steve Mertz

Steve Mertz — Thu, 09 Feb 2006 00:50:55 +0000

Speakers like Phil work their tails off going city to city and have to produce big back of the room sales to continue on the circuit. He seems to do this well-his approach does take time & effort but I still prefer to sell a stock when it drops below its 50 day moving average-if this is part of my trading portfolio. Bottom line-whatever works for you

By: jim

jim — Wed, 08 Feb 2006 22:48:55 +0000

They didn’t buy and hold the right stock!

By: denon

denon — Wed, 08 Feb 2006 22:42:31 +0000

Buy and Hold didn’t work for Worldcom stockholders..

By: jim

jim — Wed, 08 Feb 2006 22:17:09 +0000

There is a tried and trued system, buy and hold but that’s no fun.

By: denon

denon — Wed, 08 Feb 2006 21:52:24 +0000

Maybe I’m too simplistic .. but if there was really a tried and trued system, wouldn’t there only be one mutual fund in the world? And wouldn’t it always be insanely profitable?

By: jim

jim — Wed, 08 Feb 2006 19:52:08 +0000

He has a pretty straight forward research system too, you might want to read into his site further… or he could’ve taken that part down because of the book? I’ll have to look later tonight.

By: FMF

FMF — Wed, 08 Feb 2006 19:47:25 +0000

In his speech the talked about his “system” which seemed to make a good amount of sense. Problem for me — it also requires a lot of time and research. I prefer to go with index funds and spend my time doing something besides 8 hours of research on a single company.

By: denon

denon — Wed, 08 Feb 2006 19:22:18 +0000

hmm .. interesting site, but I think I prefer your, and other financial bloggers’ nuts and bolts approach. From what I see here, Phil seems to be more of a motivational speaker, working to build self-confidence and reiterate common sense. Maybe the world really is in need of more common sense, but I think I’m fairly well situated there. I’d rather see some good, solid and specific advice over a “You can do it! Believe in yourself!”

Just my 2 cents, don’t spend it all at once..

By: FMF

FMF — Wed, 08 Feb 2006 17:45:31 +0000

I got mine yesterday too — looking forward to reading it. I saw him speak last year and he was great!