Comments on: How To Employ A Balanced Investment Approach. http://www.mytwodollars.com/2010/01/13/how-to-employ-a-balanced-investment-approach/ A place to discuss money...for the rest of us. Thu, 24 May 2012 23:41:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: uberVU - social commentshttp://www.mytwodollars.com/2010/01/13/how-to-employ-a-balanced-investment-approach/#comment-35541 uberVU - social comments Sun, 17 Jan 2010 06:26:04 +0000 http://www.mytwodollars.com/?p=2375#comment-35541 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by hank_MiB: My Two Dollars: How To Employ A Balanced Investment Approach. http://bit.ly/6FeOoD... Social comments and analytics for this post…

This post was mentioned on Twitter by hank_MiB: My Two Dollars: How To Employ A Balanced Investment Approach. http://bit.ly/6FeOoD…

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]]> By: David/Your finances 101http://www.mytwodollars.com/2010/01/13/how-to-employ-a-balanced-investment-approach/#comment-35503 David/Your finances 101 Wed, 13 Jan 2010 22:38:09 +0000 http://www.mytwodollars.com/?p=2375#comment-35503 I recently read a great book on the topic. Its called The Naked Portfolio Manager by Robert Fischer. It basically gives you a guide about how to take all emotion out of building your portfolio. It really changed my invesment approach. I recently read a great book on the topic. Its called The Naked Portfolio Manager by Robert Fischer.

It basically gives you a guide about how to take all emotion out of building your portfolio.

It really changed my invesment approach.

]]> By: Edwinhttp://www.mytwodollars.com/2010/01/13/how-to-employ-a-balanced-investment-approach/#comment-35502 Edwin Wed, 13 Jan 2010 22:36:21 +0000 http://www.mytwodollars.com/?p=2375#comment-35502 The trick to breaking from a buy and hold strategy is 1) having the knowledge of when to trade and 2) going against emotion and common wisdom. Both are very difficult as 1 requires you to understand the economy and the specific industry enough to see for example if a bubble is occurring (like if someone had been tracking the price:rent ratio during our housing bubble). The second is arguably even more difficult. Using the housing bubble example, even if you were tracking price:rent and other indicators, the talking heads in the news and places like CNBC told you that prices are going up forever and we are in a new paradigm. It can be difficult to not just listen to what is hyping the bubble and go along with it even if you may know otherwise. The trick to breaking from a buy and hold strategy is 1) having the knowledge of when to trade and 2) going against emotion and common wisdom.

Both are very difficult as 1 requires you to understand the economy and the specific industry enough to see for example if a bubble is occurring (like if someone had been tracking the price:rent ratio during our housing bubble).

The second is arguably even more difficult. Using the housing bubble example, even if you were tracking price:rent and other indicators, the talking heads in the news and places like CNBC told you that prices are going up forever and we are in a new paradigm. It can be difficult to not just listen to what is hyping the bubble and go along with it even if you may know otherwise.

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