In response to last week’s question on whether we should dedicate Monday’s column to myth busting, everyone voted in favor of it.
One colorful reader laid down the gauntlet along with his affirmative vote, though, saying, “Does Wall Street Daily have the balls to report what isn’t being allowed on mainstream news?”
A brass pair, my friend.
We’ve never shied away from debunking Wall Street’s most cherished wisdom.
With that in mind, before we move forward with our Myth Busting Monday column, let’s look back at a few accepted truths we’ve already disproved here at Wall Street Daily.
Consider this our Myth Busting Hall of Fame, if you will.
Newer readers should treat it as a crash course in reprogramming your brains to be more critical of Wall Street “facts.”
Longtime readers should treat it as a handy guide to refer back to when Wall Street tries to recycle its potentially harmful misinformation. Rest assured, it will try.
Enjoy! And remember, if there’s any Wall Street wisdom or adage you’d like us to prove or disprove in a future column, send it along to email@example.com.
- Sell in May and Go Away? No Way! Forget one reason. We have five reasons you should never succumb to this annual advice. Check them out here.
- Venture Capital: Don’t Believe the Hype. Wall Street teaches us to envy the returns of venture capital investors. Especially since most of us don’t qualify to invest in this area of the market. To find out why being locked out is actually a good thing, go here.
- Slow Growth Does Not Equal Low Profits. Above-average GDP growth isn’t a prerequisite for stock market profits. Here’s proof.
- Consumer Confidence: Rejoice While Others Panic. It’s completely counterintuitive. But when U.S. consumers get the gloomiest, it’s typically a good time to buy stocks. Find out why here.
- The Final Word on Technical Indicators. They’re a total crock. Okay, that might be a bit harsh. It’s more accurate to say that depending solely on technical analysis is a recipe for disaster.
- Market Timing is Impossible. “Nobody buys at the low and sells at the high except liars,” said Bernard Baruch. Here’s precisely why you shouldn’t try it, no matter how volatile the market gets.
- Equities Aren’t Dead. If you’re serious about building wealth, Bill Gross’ idiotic declaration about the death of equities should be completely ignored. Here’s why…
- Takeover Rumors: A High-Risk, High-Reward Strategy. When it comes to predicting the next takeover, Wall Street analysts don’t have our best interests in mind. To find out the only low-risk way to invest in this area of the market, go here.
- The Little-Known Secret to Profitably Trading IPOs. Wall Street wants us to believe IPO riches are reserved for the world’s elite. Find out the one statistic we can focus on to avoid the most overhyped offerings and, instead, unearth quick double-digit gainers here.
- How to Respond When Sentiment Sinks. Wall Street wants us to believe in the wisdom of crowds. Here’s why we should learn to love it when all investors are bearish and learn to be careful when all investors are bullish.
- Dividend Bubble? Don’t Sweat It. Despite the rumors, we’re not in a dividend bubble. For proof, go here.
- Dividend Tax Hike? Don’t Sweat That, Either. Tax hike or not, dividends will still be paid. We prove why here. For even more proof, check out our analysis at Dividends & Income Daily by going here and here.
MUST-SEE: Trump’s Financial Disclosure Statement
This could be the biggest Obama “scandal” EVER…
It has to do with a secret that he and the Pentagon kept hidden at 9800 Savage Rd., Fort Meade, Maryland, for his ENTIRE presidency.
You won’t want to miss THIS.
The CIA spends billions of dollars to keep scandalous stories under wraps. So we wouldn’t be surprised if they wanted this page taken down immediately.
Click here for the shocking truth.
That’s it for today. Remember to share your ideas for future columns with us by sending an email to firstname.lastname@example.org.
Ahead of the tape,