We say it all the time at Mullooly Asset Management, trading and investing are two VERY different things. Day trading your way to a successful, long-term retirement is very difficult. In this week’s episode of the Mullooly Asset Show, I outline the difficulties of day trading.
Here’s what I’ve been reading this morning:
‘The 2 Variables that Drive Stock Prices’ – Ben Carlson – A Wealth of Common Sense
- It feels like any number of things could factor into a move in stock price, but Ben boils it down to just two things. One has been steadier and easier to predict, while the other is essentially impossible to predict.
‘All Wrapped in One’ – Michael Batnick – The Irrelevant Investor
- 2020 has encompassed a little bit of everything. Michael compares this year with event like the election of 1896, the pandemic of 1918, market speculation of 1999 and more!
‘Experience is the Best Teacher’ – Tony Isola – A Teachable Moment
- After celebrating a birthday over the weekend (Happy belated birthday, Tony!), Tony shared a handful of things he’s learned throughout his life. Many of the lessons are financial, but not all of them.
‘New York Made’ – Douglas A. Boneparth – Bone Fide Wealth
- There have been a lot of people trying to declare that “New York City is dead”. Despite it looking a little different due to the pandemic, Doug writes about why, to him, NYC will always be invicible.