Rather than biting my nails and praying that a single company gets the bump to make me some profit, I'd rather trade mutual funds. I don't know the exact term of trading, but I consider anything less than the -somewhat tax advantaged 12 months- trading.
There is a direction I'm trying to move my assets towards and I'm sure there are people more experienced than myself already accomplishing this feat. Here is my financial allocation ambition:
Take the small amount of money that I have and place in a mutual fund depending on market trends. For example, maybe it's a hot time for technology. Then a month, two months or even six months later sell all shares for their value at the end of that business day and let it sit for three business days. Next, take that money (which should be a considerable profit percentage) and place it in another mutual fund that consists of trendy stocks, or place it into a fund that is considered 'emerging.'
The way this investment vehicle drives depends on market research and due diligence. The problem is that I don't know where to look or how to spot trends. I would like to say that I'm financially savvy, but my track record on small caps proves me wrong.
Once again, I'm looking for guidance on how to research trends for investments. I'm also open to any interesting stories about financial accomplishments or defeats. This is more of a Finance 202 or 303 question. I've done my research for the entry level knowledge. Any guidance on this topic would be greatly appreciated. Thanks!!!!!
There is a direction I'm trying to move my assets towards and I'm sure there are people more experienced than myself already accomplishing this feat. Here is my financial allocation ambition:
Take the small amount of money that I have and place in a mutual fund depending on market trends. For example, maybe it's a hot time for technology. Then a month, two months or even six months later sell all shares for their value at the end of that business day and let it sit for three business days. Next, take that money (which should be a considerable profit percentage) and place it in another mutual fund that consists of trendy stocks, or place it into a fund that is considered 'emerging.'
The way this investment vehicle drives depends on market research and due diligence. The problem is that I don't know where to look or how to spot trends. I would like to say that I'm financially savvy, but my track record on small caps proves me wrong.
Once again, I'm looking for guidance on how to research trends for investments. I'm also open to any interesting stories about financial accomplishments or defeats. This is more of a Finance 202 or 303 question. I've done my research for the entry level knowledge. Any guidance on this topic would be greatly appreciated. Thanks!!!!!