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Andrew Feinberg, Barron launches newsletter

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Kiplinger is a personal finance magazine I have since year 2001. In its May 08 issue, I found “Tune out the seers” (Promised Land column) by Andrew Feinberg, in which he is saying everyone (especially experts) likes to predict the market and economy, but we should just ignore them. Or in the case of famous guys like George Soros, we could pay a little attention. But we still need to understand the logic behinds his conclusion, and do not let others opinion change our plan without our own homework. Quote John Kenneth Galbraith: there are two kinds of forecasters. Those who don’t know and those who don’t know that they don’t know. The article is not online yet, but I found Andrew’s another article Let Your Winners Run entertaining. Hope you have not listened him blindly if you bought AAPL shares last year 🙂

Barrons launches daily stock alert
I started to subscribe Barrons since this year, and enjoyed it so far. I always think Barrons (along with WSJ), probally is the best business (finance) newspaper in this country. But one thing I also notice is the business of newspaper is deteriating in the US very rapidly, WSJ and Barrons is no exception. Thus the buyout of Dow Jones (parent company of WSJ aand Barrons) by Murdoch last year.

As a part of rescuce effort, now Barrons is launching Daily Stock Alert. I have not signed up for it, because I think all stock picks newsletters make money by the newsletter subscriptions, not by their own portfolio performance. If a guy (or a lady) is really that good at picking stocks, why not buying those stocks in their portfolio, and make the money from it (which is Mr. Buffett did so successfully in last 50 years).

Oh, BTW, Mr. Buffett picks stocks by himself, not from Barrons or other newsletters 🙂

Barrons stock alert pic

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My investing journey I: 2002 to 2003

Reading Time: 2 minutes

I bought my first stock back in 1994 when I worked for a manufacturing company in Shanghai, and I got to buy 250 shares when the company went public. After that between 1996 and 1997 I did some trade in stocks because at that time the Chinese stock market was very hot, if not as hot as the Chinese market a few months ago. But these are mostly speculations, I know the PE ratios, but that’s about all the financial analysis I did (I think many retail investors in China these days are still at that level, to them stock is not too different from a lottery ticket).

Fast forward to year 2002, I got a little money after I joined the work force. The US stock market was not good. But I did learned more about personal finance, mostly through reading Kiplinger, do my own tax, etc. Kiplinger mentioned this Sharebuilder, a discount broker through which one can buy factional stocks (e.g, 10.5 shares of GE), the idea was a person put a fixed amount of money to buy stocks each month, after a while that amount will grow to some meaningful amount (say, buy a car or something).

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