Fast Money vs Slow Money

Fast Faster Fastest.
Foolish More Foolish Most Foolish.
The financial media glorifies the day trader. It glorifes and publicizes the one-liner, the quick quipper and the idea that individuals can outrun the crowd and earn huge returns by fast trading and quick decisions. We believe that more thought is required and sometimes quick trading without careful thought opens a “pandora’s box” and leaves investors holding a “pandora’s bag”- owning shares not a portolio of investments.
Slow it down. There’s nothing wrong about  thinking things through before doing them. Every investment doesn’t need to be bought with the idea of selling it later during that same CNBC fast money show.
Buy a dividend payer (FNFG, COP, MO,VZ), Buy a conservative allocation fund (PRPFX, VWELX). Buy an intermediate bond fund (PYGNX, MWTRX). Buy a blue chip stock with decades of dividend hikes (EMR, MCD, PEP, MMM).
But above all don’t react to urges by the financial media to move more quickly- we equate more quickly to more recklessly. In an era of faster, we think you should move your money more slowly, more wisely and more selfishly. Invest to accomplish your own goals and not to satisfy a financial advisor’s “gotta decide today” urging.
Our advice - “slow it down” and make choices wisely, move forward but with an idea on where you are going.

This entry was posted on Tuesday, June 21st, 2011 at 7:35 am and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.