The Long Term Investor

Very nice Lori. Little steps and little investments lead to large gains way down the road. It all adds up over 10-20-30 years.

I am doing the same thing....with my plan to buy 1 share of PLTR and 1 share of NVDA when I pay my bills each month.

ANYONE else....got any tips on saving money or cutting spending to invest?

 

I like this little article......yes....it even applies to....GASP.....this site.

Never Take Candy from Strangers

https://ritholtz.com/2025/06/candy-from-strangers/

(BOLD is my opinion OR what I consider important content)

"I grew up in the generation of latchkey kids: Both parents worked; you came home from school, fixed yourself a quick bite, then ran off to the playground for some stick- or b-ball. We weren’t wildly overscheduled; we didn’t have 20 hours a week of school events, after-school activities, and projects. We were (mostly) on our own.

This led to a generation of parents who recognized the risks all this unsupervised play created. The results were three simple rules that every kid who grew up in the 1960s, 70s, and even 80s had to learn:

1. Make sure your parents knew where you were going to be after school;

2. Be home for dinner (hands washed and at the table) by 6pm;

3. Never take candy from strangers.1

That was it!

Every other rule was a variation on this theme. Whether you had a sleepover at Brian’s house or were playing hoops with Marc, Chuck, and Ritchie, you had to leave a note or a message at home and/or your parents’ workplace as to what you were doing that day. Dinner was the same time every day, and if you were late, there was gonna be hell to pay for it.

Technology has rendered the rules 1 and 2 obsolete: Parents know exactly where their kids are to within a few feet, courtesy of the tracking apps on their phones. Texting lets them know precisely when they are coming home. But that third rule…

Today, I want to discuss why you should never take candy from strangers. It was true when I was 12 years old, developing a decent pull-up jump shot and studying for my bar mitzvah. It’s true today, perhaps more so. It’s true, even if you are an adult, married with two kids, a dog, and a mortgage.

It’s so obvious and ingrained – at least to my generation – that it’s easy to overlook the simplicity and brilliance of this concept.

Just as your mother used to tell you not to take candy from strangers, so goes it with taking investment advice from strangers on TV, in print, weblogs, and most especially social media.

When a stranger offers you something for free, it should immediately make you ask a few questions: Who are they? What do they want? Do they have your best interests at heart? What’s in it for them? Always ask yourself: What are these people selling?

Is it a newsletter? Some wacky trading scheme or crypto scam claiming it’s gonna make you rich? “Just make 1% per day to turn $100 into millions” type nonsense.

At the very least, they are asking for your time and attention, and that has tremendous value to you as an individual. Collectively, it’s worth billions of dollars to big tech and media.

I devote at least 10 chapters in “How Not to Invest” discussing these exact topics because its that important. See:

Who do you listen to?
Prediction, Inc.?
Forecasting Chaos
What are they selling?
24/7 Financial Advice
TikTokInvestors
Gell-Mann Amnesia
Signal-to-Noise Ratio
Lose the News
Use the News: Reengineer Your Media Diet

Before you accept the investing advice from a random stranger, ask yourself if they are concerned with your comfortable retirement, buying a new house, or paying for your kids’ college. If they don’t know your zip code or tax bracket, how on earth can their advice be geared to your specific circumstances?

Of course it is not. It’s selling something, be it advertisements, investment products, newsletters, or God knows what else.

Most of what you see, hear, and read was not written with you in mind. It was created to sell a product. (This blog post, as an example, is exhorting you to buy my book). These sales pitches are not nefarious, but they have become so ubiquitous that we often overlook them.

It’s not realistic to suggest people tune everything out. However, I am making three suggestions for all consumers of financial content:

-Understand what media you are consuming;

-Make intelligent, well-informed choices;

-Prioritize quality over quantity.

I am not suggesting you become a curmudgeon who hates all they see, but rather, be a little less gullible and naïve. When I started out in the finance industry, I believed every line that came my way from every salesman, any fund manager, and each quarterly call (all filled with nonsense). I was an easy mark for any smooth-talking bullshit artist.

This is why my Mom was right to warn me not to take candy from strangers. Her advice applies equally to taking investment advice from people you don’t know and whose process, track record, and temperament you are unfamiliar with. Have they been more right than wrong? Do they have the right temperament? Lived through a few cycles? Are they worthy of your time and attention?

It took some time and some expensive losses before I figured that out.

Listen to what mom told you: Taking investment advice from people you do not know in the media in all of its forms is no different than taking candy from strangers…"

MY COMMENT

There is very little that is said about investing that does not have some.....catch. Or some reason someone is pushing it.

YES......"I".....am pushing long term investing on here......so I do have an axe to grind. BUT.....anything anyone on here does......DOES NOT....benefit me in the slightest.

In investing......BEWARE.....BEWARE.....BEWARE. There if no free ride......no easy money.....no system. It is all hard work over many years......there is no shortcut.

 

Markets are all green right now.....although MILD. We are waiting for some headline to cause an EXPLOSION. China trade?

A continuation of the past week or two of NORMAL markets and mild day to day action. A nice little time of market relaxation with some money being made as an added bonus.

I dont mind days like we have had lately.....I am making small to medium money most days.......and not having to ENDURE massive NOISE.

 

HERE is the markets today.

Stocks tick higher as investors await details on U.S.-China trade talks progress

https://www.cnbc.com/2025/06/09/stock-market-today-live-updates.html

(BOLD is my opinion OR what I consider important content)

"Stocks edged higher Tuesday as investors waited for more insight on trade discussions between the U.S. and China.

The Dow Jones Industrial Average added 51 points, or 0.1%. The S&P 500 rose around 0.3% along with the Nasdaq Composite.

Talks between U.S. and Chinese officials in London continued for the second day. U.S. Commerce Secretary Howard Lutnick said on Tuesday that the discussions are “going well, and we’re spending lots of time together” and that he expects the talks to continue all day.

Traders are monitoring the discussions for signs of a deal that doesn’t involve the countries enforcing lofty tariffs on one another. Both nations agreed last month to temporarily slash their duties, which was seen as a major breakthrough in trade negotiations after U.S. President Donald Trump unveiled his plan for broad and steep levies on imports.

Stocks have rallied so far in June as investors remain hopeful about ongoing global trade discussions and overall strength in the market. Gains have been powered by strong corporate earnings results and a revival in tech stocks, given the recent slew of artificial intelligence announcements.

“Technically, shares have been on a nice run eclipsing key levels to get back on track. Longer-term they started the week right above its downtrend line going back to its annual highs,” said Jay Woods, chief global strategist of Freedom Capital Markets.

“The rally looks like many other technology names that are trying to get back to old highs. The good news is that given the change in trajectory, even weakness looks to have a soft-landing spot and good entry point from a risk/reward perspective,” Woods added.

To be sure, some investors are concerned that the current tariffs could drive inflation higher in the near future, potentially weighing on equities.

“Today, while the picture is not completely clear, enforceable tariffs exist,” said Mark Malek, chief investment officer of Siebert Financial. “The Fed is concerned that the real inflationary effects have not yet shown up yet. Based on the complex collection of tariffs in effect today, we would expect aggregates such as autos, apparel, and foods to show initial signs of tariff-driven inflation.”"

MY COMMENT

A nice relaxing day in the markets.....with a chance to make some money.

 

COST NEEDS TO DO A STOCK SPLIT. They have now squandered all the bump from their very good earnings.

They are RED for....one day....five days.....and...one month. For the past SIX MONTHS they are flat......up less than 1%.

They are caught in a trading range whirlpool. The reason......their stock price is TOO HIGH.

It is just plain stupid....that they do not do a nice 5 for 1 stick split.

WAKE UP MANAGEMENT. Do the right thing for your business and your shareholders.

 

I have not looked at my account today. BUT....the ticker tells me that I am probably pretty flat so far today.

We will get the CPI numbers tomorrow....perhaps that will be a little driver for the markets for a day or two.....up or down.

 

A nice day today. WOW....another nice mild-medium gain for me today. Only two stocks RED.....WMT and MSFT. Plus a beat on the SP500 by 0.07%.

I LOVE these days lately where the gains are not HUGE....but they add up as small to medium level gains.

This is what a STEALTH RALLY looks like. Moving on to CPI day.

 

NICE......NVDA......poor disrespected NVDA.....has now re-gained the top spot as the largest company in the world....by market cap. They are in a neck and neck race with MSFT for the title....depending on the day and the stock results on any one day.

The reward for this and their HISTORIC EARNINGS.......a measly +4% gain YTD in the stock.

WTF......is wrong with this picture and the markets?

 

Speaking of WTF......AAPL.

The company is now in the RED for......five days.....one month....six months......YTD. For one year it is slightly positive....+4.95%.

Their management tied the company to China for decades....now they are paying the price for this stupidity.

NO.....I have no plans to sell the stock.....but....as a shareholder I am concerned with their current MANAGEMENT FAILURES. EVERY other company that is involved in AI is kicking mud in their face. They seem to have NO CLUE....how to use AI.....how to embed it in their products.....and how to sell their vision to their customers and shareholders.

They are currently the.....BABY HUEY....of the tech world. A big giant of a company that is just constantly kicked around and is stupid.

 

Some good news for those that are in the market to buy a house. BUT....of course....it is all local, local, and local. Plus getting into a house in the best area and with the best schools....will still cost a pretty penny.

Home sellers face harsh new reality as listings hit record $698B value
Housing inventory at 5-year high as sellers face pressure to lower prices

https://www.foxbusiness.com/real-es...sh-new-reality-listings-hit-record-698b-value

 

OK......just a heads up. I will be leaving to go into the studio about 11:00 tomorrow and I will be gone till at least 5:00.

Than on Friday I will be heading up to Dallas early in the day and will be gone all day. So not much posting on that day either.

I have been all over the state lately....Houston last week.....San Antonio.....Dallas....Ft Worth......over the last 3-4 weeks. Some of them multiple times.

I will be playing locally next week. AND the week after will be heading out of town on Thursday through the next Monday.

 

YES......as expected.....we are seeing ZERO impact of Tariffs on inflation.

Tariffs DO NOT cause inflation....money supply and/or out of control wage hikes and/or excessive economic stimulation are the causes.......especially if caused by out of control and crazy government spending or policy.

Time for all the fear-mongers to RELAX....at least on Tariffs and inflation.

U.S. inflation rises 0.1% in May from prior month, less than expected

https://www.cnbc.com/2025/06/11/cpi-inflation-may-2025.html

(BOLD is my opinion OR what I consider important content)

"Consumer prices rose less than expected in May as President Donald Trump’s tariffs had yet to show significant impact on inflation, the Bureau of Labor Statistics reported Wednesday.

The consumer price index, a broad-based measure of goods and services across the sprawling U.S. economy, increased 0.1% for the month, putting the annual inflation rate at 2.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 2.4%.

Excluding food and energy, core CPI came in respectively at 0.1% and 2.8%, compared to forecasts for 0.3% and 2.9%. Federal Reserve officials consider core a better measure of long-term trends, with several expressing concerns recently over the impact that tariffs would have on inflation.

The all-items annual rate marked a 0.1 percentage point step up from April while core was the same.

Continued weakness in energy and services prices helped offset some of the increases, and a handful of other key items expected to show tariff-related increases, vehicle and apparel prices in particular, actually posted declines.

Energy declined 1% on the month, while new and used vehicle prices posted respective declines of 0.3% and 0.5%. Within energy, gasoline posted a 2.6% drop that took the year-over-year decrease to 12%.

Food increased 0.3% as did shelter, which the BLS said was the “primary factor” in the otherwise modest CPI increase. Egg prices fell 2.7% but were still up 41.5% from a year ago. Apparel posted a 0.4% drop.

Though shelter prices rose on the month, the 3.9% annual increase is the lowest rate since late-2021.

“Today’s below forecast inflation print is reassuring – but only to an extent,” said Seema Shah, chief global strategist at Principal Asset Management. “Tariff-driven price increases may not feed through to the CPI data for a few more months yet, so it is far too premature to assume that the price shock will not materialize.”

The BLS report comes with the Trump administration continuing in efforts to negotiate trade deals. In his April 2 “liberation day” announcement that rocked financial markets, Trump slapped 10% universal duties on U.S. imports and a host of other so-called reciprocal tariffs on countries he said have been using unfair trading practices.

Most recently, White House officials have met with Chinese leaders in an effort to defuse a blistering trade war between the two nations. Leaders from both countries have said they are near an agreement on rare-earth materials, such as resources needed for automotive batteries, as well as technology-related items.

Other nations hit with reciprocal duties have until early July to strike a deal, according to an announcement Trump made a week after the initial move."

MY COMMENT

TYPICAL.....the FACTUAL good news first that is totally contrary to the media and expert (political) story-line.....and than the second half of the article....nothing but the usual opinion BS.

This Tariff and inflation "stuff"...is like all the RECESSION BS that popped up about a month or two ago. IT NEVER HAPPENED.

NO one has a clue about predicting any of this stuff. It is all made up....or...fear-mongering driven by opinion media and/or those with some political agenda to push. In other words.....SPIN.

Unfortunately it detracts from and diffuses...great earnings and causes the markets to ignore business fundamentals and the BULL MARKET. It is nothing but a tangent that is MEANINGLESS to actual investors. Even if we get some little bump up at some point....I dont think so......but, even if we do......we have plenty of room to absorb it since REAL INFLATION in a NORMAL USA economy is usually......3-4%....not the IDIOTIC target of 2%, which is borderline DEFLATION.

Oh yes......and....one of the largest items that is reflected in the inflation data is HOUSING/SHELTER......this is a very slow LAGGING indicator. It takes a long time to resolve in the data and it distorts the data to the higher side. It will continue to slowly go down.

 

I like this little article.

What is Market Timing?

https://behaviouralinvestment.com/2025/06/10/what-is-market-timing/

(BOLD is my opinion OR what I consider important content)

"Is Warren Buffett attempting to ‘time the market’ by holding over $300bn in cash?

In a word, no.

I have written regularly about the folly of attempting to skilfully predict and time the movements of financial markets. It is an incredibly difficult, probably impossible, activity to perform consistently well and most investors should avoid it. One challenge I often receive when expressing this view, however, is that as all active positions require us to take on some form of market risk, most of us are market timers – whether we like it or not. We either engage in market timing or do nothing.

I don’t buy this argument – I think it falls into the trap of confusing process and outcome.

Market timing is a very distinct investment activity that has two characteristic features – it is a decision that specifies both why something will happen and when it will occur.

It includes both the identification of a catalyst (or catalysts) and a moment. Let’s take a simple example:

‘I believe that US equities will outperform over the next 3 months as tariff concerns abate.’

This is clearly an attempt at market timing. We are predicting the cause of a price movement in an asset and when it will occur.

Let’s contrast this with another scenario. A value-orientated equity fund manager is holding 20% in cash because, after applying their investment process, they are unable to identify enough attractive opportunities.

This is not market timing. The fund manager is saying nothing about what will cause prices to move nor when that may happen. It is perfectly reasonable to be uncomfortable with an equity fund holding a high cash weighting and the risks that stem from it (outcome), but it doesn’t mean that the decision that led to it is an effort to time the market (process).

Although the fund manager is not seeking to time the market, they are exposing themselves to the same risks as if they were. We can have two identical investment positions where one is the result of market timing and the other is not – investors can carry equivalent risks but for entirely different reasons.

Take two multi-asset portfolios:

– Investor A is 5% underweight US equities because they believe the next jobs report will cause an equity market sell-off.

– Investor B is 5% underweight US equities because they believe that, on the balance of probabilities, rich valuations are likely to lead to lower future returns.

The critical point is that intent matters. We don’t simply need to be comfortable with the risk being taken, we need to be comfortable with the reason that the risk is being taken. Investor A is attempting to time the market by forecasting its movements; Investor B is taking the same position but is agnostic on when and why something might occur.

Just because something isn’t market timing (as I would define it), does not mean that it is a good idea. We might be uncomfortable being subject to significant market risk, or we might believe that a process being adopted is weak or unconvincing. There are lots of ways to make bad investment decisions – market timing is just one of them.

All active investment views are subject to the chaotic fluctuations of financial markets, but only in some are we explicitly trying to predict them. Given how hard it is to get right, it is important to know market timing when we see it."

MY COMMENT

I agree with the above discussion in general....although....I choose to be fully invested all the time. I believe that creates the BEST PROBABILITY for gains and success......to be in the market.

BUT.....for hard core value investors....I can understand waiting for fundamentals of the companies that you are interested in to drive when or if you invest. This is simply NOT my style.....in my BIG CAP GROWTH investing.

I also agree with the article that this sort of strategy is NOT market timing.....but....it can and does have the same impact.....as money is NOT in the markets.

To each....their own.

 

The FED is not going to do anything any time soon. They are passively-aggressively caught up in politics......at worst. At best they have NO CLUE what is happening and they are WRONG in their fear of inflation. I actually believe it is a combination of both situations....depending on the particular member of the FED. BUT...the end result is the same....NOTHING is being done....and the FED has lost ALL semblance of control or ability to run the economy.......of course it is NOT their job to run the economy.

They are late to the table with a few rate cuts....but.....fortunately for them so far it does not matter......as they slow-walk rate cuts this year.....compared to last year when they did numerous cuts in the face of MASSIVE government stimulus.

We are probably looking at one or two cuts this year......but....I would not be surprised at all if the did NONE.

Mild CPI inflation reading not likely to shake the Fed's wait-and-see stance on tariffs

https://finance.yahoo.com/news/mild...wait-and-see-stance-on-tariffs-132759995.html

(BOLD is my opinion OR what I consider important content)

"A cooler-than-expected inflation reading from May is not likely to shake the view of most Federal Reserve policymakers that rates should stay on hold until there is more clarity about the impact from President Trump’s tariffs.

Some economists were expecting to see higher costs from those tariffs showing up in the Consumer Price Index (CPI) report released Wednesday, but instead CPI showed that inflation pressures were relatively stable and even eased on a monthly basis.

The "core" measure of CPI, which excludes volatile food and energy costs, rose 2.8% over the past year in May, matching April. Monthly core prices increased 0.1%, a touch below April's 0.2% gain.

Economist Claudia Sham, founder of Sahm Consulting, told Yahoo Finance the May report doesn’t “necessarily tell us where we are headed by the end of the year” and “I don’t think we have a picture yet of what the costs are from the current” Trump administration trade policy.

But what this does, she added, is delay the Fed’s ability to conclude that any tariff price increases are in fact temporary — a conclusion that would allow it to start cutting rates again.

This "may mean we delay the rate cuts.”

Investors are not expecting an easing of monetary policy until September, at the earliest. The Fed is widely expected to hold rates steady at its next meeting on June 17-18.

President Trump last week suggested the Federal Reserve and its chairman Jerome Powell should lower rates by a full percentage point, referring to moves made by other central banks to ease monetary policy.

"Europe has had 10 rate cuts, we have had none," he said in one social media post, adding "go for a full point, Rocket Fuel!"

Trump noted in a separate post that Powell is "is costing our Country a fortune. Borrowing costs should be MUCH LOWER!!!"

But a Labor Department jobs report released last week makes it even less likely the Fed will consider rate cuts in the near term, Fed watchers said, since it doesn't show that the labor market is grinding to a halt.

The Fed has not altered its benchmark rates at all in 2025 after reducing them by a full percentage point at the end of 2024, citing uncertainties about Trump's policies.

In fact, in recent weeks, several Fed policymakers have made it clear they are more worried about inflation than employment and thus are content to be patient about any changes to the Fed's current stance.

"I see greater upside risks to inflation at this juncture and potential downside risks to employment and output growth down the road, and this leads me to continue to support maintaining the FOMC's policy rate at its current setting if upside risks to inflation remain," Federal Reserve governor Adriana Kugler said last week in a speech at the Economic Club of New York.

Kansas City Fed president Jeff Schmid also said Thursday he is very focused on the risk for higher inflation from tariffs and that the Fed should "not let down our guard."

"While the tariffs are likely to push up prices, the extent of the increase is not certain, and likely will not be fully apparent for some time," Schmid added.

RSM Chief Economist Joe Brusuelas told Yahoo Finance on Wednesday after the CPI release that "we we're not really seeing much of the pass through, if some at all, from the tariffs," noting a 0.3% decline in new vehicles and 0.5% drop in used cars and trucks.

"But don't get too comfortable. When [companies] hike prices by 10% to 15%, it gets passed through eventually.""

MY COMMENT

I have ZERO expectations that the FED will do anything anytime soon. As usual they are IDIOTS.....at best.....or political pawns at worst. Either way nothing will happen.

they are lucky that at the moment they are simply IRRELEVANT since the markets and the economy continue to be STRONG. The average person in the.....REAL WORLD.....could not care less about the FED....unless you are trying to buy a house with a mortgage loan.

 

Sounds good to me.

Quantum stocks rise as Nvidia CEO says technology reaching ‘inflection point’

https://finance.yahoo.com/news/quan...logy-reaching-inflection-point-134729179.html

 

NO.....you can not fight the tape. there is a HUGE amount of money sitting on the sidelines and it will come into the markets by year end. It is called WINDOW DRESSING....by the so called "professionals". As usual they will be late to the party....but....I welcome their money which will hopefully help fuel a second half RALLY.

I note that we are currently in the middle of a nice STEALTH early summer rally.

The bull case for stocks is growing among Wall Street strategists

https://finance.yahoo.com/news/the-...-among-wall-street-strategists-172542612.html

(BOLD is my opinion OR what I consider important content)

"Wall Street strategists aren't scared of a summer slowdown for stocks despite some indications of a cooling labor market and slowing economic activity.

In the past month, several strategists have defended their S&P 500 (^GSPC) year-end targets in the range of 6,300 to 6,500, noting that the most dire outcomes from tariffs may no longer be on the table. On Monday, the benchmark index was trading around 6,010, about 2% from the record closing high.

In a note titled "Don't fight it," Morgan Stanley chief investment officer Mike Wilson pointed out that a "moderate slowdown in growth" was likely already priced in earlier this year when the average S&P 500 stock fell nearly 30%.

"In our experience, stocks and equity market internals move well ahead of lagging economic data and earnings results," Wilson said.

To be clear, there are certainly signs of softening in economic indicators. Last week, ADP data showed that the private sector added 37,000 jobs in May, the lowest monthly total in more than two years. Weekly filings for unemployment claims hit their highest level since October 2024. And monthly nonfarm payroll revisions revealed 95,000 fewer jobs were added in March and April than initially thought.

But the slowdown in this data has been widely expected. The equity research team at Goldman Sachs analyzed prior "event driven recessions" such as the bursting of the dot-com bubble and the 1970s interest rate shock. Goldman's team, led by chief US equity strategist David Kostin, found that so-called soft economic data, which encapsulates data points like consumer surveys, usually hits its cycle bottom before hard economic data, like monthly readings on inflation or job additions, does.

That's been playing out over the past month. In May, the Conference Board's future expectations index saw its largest monthly increase since May 2009. But data on Monday showed inflation expectations in the New York Federal Reserve's monthly survey moved lower in May for the first time this year, perhaps marking that the worst tariff-driven inflation fears might be behind markets too.

Kostin's work shows the S&P 500 typically will follow the soft data's return higher, even if hard economic data, like monthly jobs reports, continues to move lower.

"S&P 500 returns are currently more correlated with soft data than hard data," wrote Kostin, who projects the S&P 500 will hit 6,500 in the next 12 months. "If the recovery in soft data is sustained, it should support equity returns even as hard data weaken."

Citi equity strategist Scott Chronert boosted his S&P 500 target to 6,300 on Monday from a prior forecast of 5,800. Chronert, like other strategists, pointed out that peak tariff uncertainty has likely passed following the pause on duties between the US and China. With that headwind easing, Chronert pointed out that economic growth forecasts are no longer falling either. After tumbling to a recent bottom of 1.35% in early May, consensus is now projecting the US economy to grow at an annualized pace of 1.4% in 2025.

Chronert and other strategists agree that the key risk moving forward would be that economic growth data slows more than consensus is now expecting. But barring that outcome, Chronert likes growth stocks such as Big Tech names amid a market environment that features elevated interest rates and high stock valuations.

"Our growth preference continues for now as the AI theme regains momentum," Chronert wrote."


MY COMMENT

As usual I sit fully invested......I will take the gains as they come.......when they come.

 

PEER PRESSURE.

The return KILLER. It comes from financial media.....the so called experts....the FED.....politicians and political HACKS.....the Hedge Funds...erratic markets caused by massive AI trading....inaccurate and distorted government data.....general fear and panic from inaccurate general opinion.......etc, etc, etc.

There is always some reason to NOT be invested.....and....many if not most people have a very hard time standing the heat of the PEER PRESSURE that builds and builds.

Some of us have the ability to IGNORE it all......and over the long term we benefit greatly. Of course this assumes RATIONAL and REALISTIC investing choices......and....avoiding all the emotion based behaviors and other factors in the academic research that impact investing results.

In the end it can all be summed up in a single word.....PROBABILITY. What investing behaviors give you the best PROBABILITY for success....especially LONG TERM success.