INVESTOR INTELLIGENCE SERIES: 3 OF 3
opinion if you learn something new along
the way. In contrast, it’s so frustrating to be
surrounded by biased, jaded and financially
motivated media at every turn. It’s truly
refreshing to read your words and know that
you are just looking for ways to make this a
better community and a better planet, without all of the excruciating biased rhetoric that
only serves to confuse the masses and, as a
result, prevent them from finding meaningful
solutions to extremely critical problems. Jim
Wood, I like your style; keep up the good work.
CHRISTINE PAQUETTE, VIA EMAIL
THE MARKET GROWS IN SHORT, INTENSE BURSTS.
THE GOAL IS TO BE THERE WHEN IT HAPPENS.
Most people know that historically the stock market grows dramatically over time.
What fewer people understand is the nature of that growth. It’s not a smooth curve.
It’s a series of intermittent sharp spikes, virtually impossible to predict.
A New Marin
In regard to Jim Wood’s December column
(POV) about reorganizing Marin’s government and in the spirit of presenting another
“point of view,” why not also present the views
of Holocaust and evolution deniers, birthers
and those who believe that the moon landing
was a hoax? Sometimes there isn’t a rational
“other point of view.” JOHN BREMNER, VIA EMAIL
Here’s a vivid illustration. Between January 1990 and June 2010, there were 5, 168
trading days. If you missed the 10 trading days with the highest upside during that
period, you would have lost out on nearly half of the market’s gains*. A simple lesson:
market timing is a high-stakes gamble, not a disciplined investment strategy.
To read our “executive brief” on investing, go to www.privateocean.com/growth.
*Source: Morningstar, Inc. Market: Standard & Poor’s 500 Index
Jim Wood’s column “Talking Weeds and
Trash” (POV, July 2012) has been sitting on
my desk for some time now and I am only
just getting around to commenting on your
remarks. I, too, am disgusted by all the
trash and litter that I see beside the road.
When traveling in European countries you
just do not see this level of litter and trash
on the roadways. I have observed that most
of the litter comes from t wo basic sources:
Pickup trucks with trash in the back and
restaurants that provide takeout food and
food containers. I believe that all of the
enterprises that provide takeout containers
should simply have to pay a small “green”
surcharge, which would go into a fund that
would pay workers (including Caltrans
employees, the unemployed or prisoners) to
get these highways and roadways cleaned up.
TOM GREENFIELD, SAN RAFAEL
Theo Gallier, MBA, is the chief investment officer
at Private Ocean. He’s helped affluent investors
successfully navigate the markets for 25 years.
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