No Advice Is Given
By Saghir Aslam
Rawalpindi, Pakistan
(The following information is provided solely to educate the Muslim community about investing and financial planning. It is hoped that the Ummah will benefit from this effort through greater financial empowerment enabling the community to live in security and dignity and fulfilling their religious and moral obligations towards charitable activities)
Over the last 30plus years I have tried to learn the philosophy of some of the top investment gurus in this wonderful land of opportunity. I have listened to and studied gurus like Waren Buffet, Peter Lynch, John Templeton, Marty Zweig, Carl Ican Bergman Graham Philip Fischer, George Soros William onei,l Boon Pickens, Kirk Kirkoria and Mario Gabelli.
I have learned how to work on a sound selection process based on a defined parameter and how to achieve our goals. Work on sound investment strategy, draw a road map for you, set your time horizon, figure out the route you want to go on. Once you have done all above then it is! Just like having the latest and most modern up to date Thomas guide for investment and Insha Allah you will reach your goal without much difficulty. Even Philip Fisher, one of the greatest, got himself in to trouble in the early 1920s, made mistakes, but quickly learned from his mistakes. Try this for your health
common stock and uncommon profit.
Conservative investors sleep well. Develop an investment philosophy and live by it. I have seen people invest as if they were gambling. Without any plan. Let me share with you what I have learned over the years. To invest successfully you don’t have to be a genius, or have unusual business acumen, knowhow or even inside information. Let me add here that Safi Qureshy, founder and CEO of AST research, was a friend of mine for years. I never once asked him anything about his company, any products or anything at all, but I made money on the stock, simply with research and working with great brokers and discipline.
Here is what is needed to be successful investor: sound intellectual framework for making decisions and ability to keep emotions out of it. Do not deviate from your plan, learn from the pros. Here is a golden rule we can invest successfully with just a few techniques and simple principle. The main point is to have a right general principle and character to stick to them. Let me assure you individual investors with sound principle, sound advice and golden discipline can do as good as, or even better, than the best money managers or institutions.
One of the reasons is that bargain stocks are not available in larger number. Here is your great advantage. There are fewer shares available, so individual investors have the edge. Here is another lesson that I have learned: defensive investor with conservative stocks, high grade dividend paying companies try a sector, compare the companies, and pick the leader in each sector. You will not go wrong. Later in this book you will see an example of Intel coke and other leaders in their field. Take sectors such as utility, industrial, financial hi- tech electronics, health and others.
The efforts, knowledge and energy you apply will definitely make a difference. There is no substitute for good information. And definitely there is no substitute for timely action. Remember, the stock market is not ‘how to but when to’.
(Saghir A. Aslam only explains strategies and formulas that he has been using. He is merely providing information, and NO ADVICE is given. Mr Aslam does not endorse or recommend any broker, brokerage firm, or any investment at all, nor does he suggest that anyone will earn a profit when or if they purchase stocks, bonds or any other investments. All stocks or investment vehicles mentioned are for illustrative purposes only. Mr Aslam is not an attorney, accountant, real estate broker, stockbroker, investment advisor, or certified financial planner. Mr Aslam does not have anything for sale.)
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