Hello Share Chums
Well, it couldnt last. You cant expect the Footsie (news) to go on putting on value day after day, as it has been doing. Weve been nudging previous records in that respect and we all know its very hard to breach bench marks in
Crazytown.
Nobody can make money in the end if shares continue to rise. You need to sell when the price is high and buy when its low. And you cant buy profitably if the price is always high.
Well, actually in theory, if the Footsie and all shares around it rose every day and never faltered, we should all make money. But practically that cant happen, unless there is some sort of magicians making money in a magic machine.
Eventually, even money has to be paid for by work. Some people get huge amounts of money for doing little work and certainly no manual labour. People who do real work usually earn comparatively lowly sums. Thats not fair – but neither is life and Crazyland is even less so.
What we need to do when shares rise day after day is to sell the stocks before the inevitable slide. This is hard to do because fear is always with us. You cant invest successfully and not have brother fear constantly by your side. Otherwise you would continually throw money down the drain in a happy frame of mind. And that cant be right.
But fear should help. We should be afraid that a good run of shares should soon turn into a bad run and therefore we should be prepared to sell shares while the Footsie rises. Why cant we do that? Because of fears opposing force greed.
On the whole, those Crazies who let fear take the upper hand over greed, do better in Crazyland. Sadly most of us are ruled by greed. Can we change. No. Rock on.
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