Financial independence by lottery tickets or investment? Sergey Spirin Sergey Spirin Investments
If you did not read my materials about the dividend and profitable strategy, I recommend starting with them - and
Typical dialogue with a friend who is thinking about investment:
Friend: Hello, tell me where to invest money.
I: Display everything in the cache. Put the cache on a deposit in the bank. Do not touch these money. To the next six months to devote to the study of investments. See webinars, read books, listen to podcasts, etc.
Friend: Oh. Well, not-e-t. I have no time for it. Let me give you money in management.
What can I advise such people? Find the time (quite a bit) to explore the passive investment strategy. Any other ways most likely lead you to losses.
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- January 31, 2014, 23:53
- Alexander Shadrin
Sergey Spirin pleased with a very interesting post. True, with the conclusions I do not really agree. Still, diversification is good, but it's not worth buying a campaign, only because of the diversification. Diversification is a fool protection.
The good were 14 years old - now the shares have a discount - but not so mad, as in 1999, and then about oil $ 100 per barrel could not dream, 20 - already super ...)))
An instructive story, after 14, you can repeat - about the results of investment in the 10th most liquid shares of 2013.
Invest in stock !!! Successful investment !!!
And another moment - there are no dividends here - after all, for 14 years there were no little ...)
The original is taken by W. fintraining in 
Sergey Spirin,
Full list of reviews and reviews here:
Portfolio investment The thing is not simple, but not too complicated. Bonds, mutiings, receipts, rebalancing, if some of these terms do not know, then you can not manage money correctly. And if you have money and just lie under the pillow, then this is your error. Be sure to learn the issue of investment, and start from this article.
As I always say everything, who is not going forward, he goes back! Therefore, it is always necessary to increase the luggage of your knowledge, since our memory has almost limitless possibilities, so as if "Piham" as we can.
The object of my study recently became a series of webinars Sergey Spin from the Center for Financial Education
A series of webinars called "Formation of an investment portfolio." Why did I decide to visit these webinars? The answer is simple, I realized that it was time to postpone money for his old age, because my Internet earnings may not be eternal, the second option is a financial pillow, on a very black day or for example, in case of any catastrophe I have to ensure my family and myself . In general, this is my insurance. I considered that simply attributed money to the bank it's stupid! Therefore, I decided that I need a little deeper to study the issue of preserving and investing money in different tools. I really had a very weakly familiar with bonds, piffs and other things, so I needed to learn about it in a short time. I don't like to carry knowledge of this kind myself, it's easier for me to go and let them tell me, because it is not "Grail", but simply education is actually.
Let's figure it out of what, a series of webinars and what it can be useful to you, and what was useful to me.
The webinar series consists of 5 lectures within 5 days, in each lecture approximately 2 hours, taking into account the answers to questions and entrance words.
Here it looks like the record received by me:
All presentations in question in webinars are given to study and further "shphard" use. To those who are interested to know about each webinar separately here is an overview of each day:
Which I can conclude: I advise you to learn from this author to those who have the interest and need to invest. The author's approach is competent and reasonable, you will see a huge number of statistics collected from a large number of sources, which will allow you to really "enter" to how you need to invest "for a long one." A person says that he knows well and it can be seen. No fairy tales, only specifics and facts.
I emphasize, I never advise anyone if I myself have not checked this information and do not consider it worthy of study!
Thank you for your attention and all good!
SS:
I do not get tired of surprising how Robert Kiyosaki managed to "push up" the way out of his new articles accustom to our webinarians. :) For what he is so much so thanks!
Fresh article is strongly eroded with what I'm going to talk about in the webinar "Investments. Basic course "in the next two weeks. But already, of course, in detail and at a deeper level.
6 basic investment rules
Robert KiyosakiMay 13, 2014
A source:
Translation: Sergey Spirin
Understanding ... and mastering the game of investment
When I was small, my best friend Mike, the son of my rich dad, took the game of golf and for investment. Both of these games, in a sense, were difficult to learn, and both of them demanded an understanding of the rules of the game.
Fifteen years later, when both of us were about twenty-five years old, Mike became an expert both golf and investment. I just started learning the rules.
I touched this topic, because, regardless of whether you, you are or old, learning the basics is important. Most people take some kind of golf lessons to find out the rules before start playing. But, unfortunately, most people are never interested in simple investment rules, before starting investing their blood earned money.
Below are 6 basic investment rules that my rich dad taught me:
The main rule # 1:
Know for what income you work
Most people think only about making money. They do not understand that there are different money for which they work. For many years, a rich dad climbed T-shirt and me that there are three types of income:
- Ordinary earned income: Usually income from work in the form of salary. This income is subject to the highest income tax, and, consequently, the most difficult to create wealth.
- Portfide income: Typically obtained from paper assets, such as stocks, bonds and mutual funds.
- Passive income: Usually obtained from real estate, royalties and interest on loans. This income is taxed at the lowest rate, has numerous tax breaks, and this is the easiest income to create wealth.
Major rule # 2:
Convert usual income into passive income
Most people start their lives, receiving ordinary labor income as a hired employee. The path to creating wealth begins with understanding that there are other types of income, followed by converting earned income to other types of income as an efficient way.
To illustrate it, the rich dad painted a simple scheme:
"This is, in a nutshell," said the rich dad, "all that the investor should do. This is the main thing that he needs "
Major rule # 3:
Investor can be both an asset and passive
As we, many people consider investment risky. In reality, however, the risk is in the investor. Investor can be both an asset and passive.
"I saw investors lose money where everyone else do them," said rich dad. "In fact, a good investor loves to follow the risky investor, because it is so possible to find worthwhile investment transactions!"
Major rule # 4:
Be ready!
Most people are trying to predict what and when will happen. But the true investor is ready for everything that happens. "If you do not prepare in the form of education, experience, or additional money, then a good opportunity will pass by you," said rich dad.
A rich dad was not tired of repeating that it is more important not to predict what happens, but instead focused on keeping eyes open, see what is happening, and respond to opportunities. This is achieved through continuous learning and exercises.
Major rule # 5:
Good deals attract money
One of my serious concerns, as a novice investor, was how to find money if I found a good deal. The rich dad reminded me that my task is to focus on the opportunities opening in front of me to be prepared.
"If you are ready, which means that you have gained education and experience," said rich dad, "and you will find a good deal, then the money themselves will find you or you will find money."
The point of view of the rich dad concluded that it is easier to get money. It is much harder to find standing deals than to attract money. That is why many people are ready to give their money to the investor.
Basic rule # 6:
Learn to evaluate risk and reward
To become a successful investor, you must learn to evaluate risk and remuneration. The rich dad used an example of a nephew with the idea of \u200b\u200ba stall for hamburgers.
"If you have a nephew with the idea of \u200b\u200ba stall for hamburgers, and he needs $ 25'000 if it can be a good investment?"
"No" - I replied. "Too much risks and too small remuneration."
"Very good," said the rich dad. "But what if I say that this nephew has worked for the last 15 years in a major e-mail network, was the vice-president for all important aspects of the business, and is ready to create his own business and build a worldwide eateries network? And what if you can buy 5% of the company's shares for only $ 25,000? Would it be interested in? "
"Yes," I said. "Definitely, since there is a greater remuneration for the same risk."
Training and mastering of investment rules require long-term investment in financial education. But these basics will help you start. What heights you can go up - depends on you.
From our series of notes "in the footsteps of a rich dad": we have repeatedly told that you read two blog blogs with interesting now - this is Sergey Spirin and Oleg Kolkalk.
In April of this year, we recorded one of the webinars of Sergey Spin. Although it was not very convenient because of the difference in time (webinars walked in Moscow time, in Australia they started at the night of the night) and nevertheless, in no less, it was very interesting, cognitive and presented for us in an affordable and understandable form.
We will try to write their feedback at leisure, but we can say in advance with confidence - who is interested in the same investment industry, which Sergey Spirin writes, we highly recommend reading it.
So, they could not pass by the next note Sergey Spin. They decided to even "drag" her completely on our site so that she always had it at hand.
The topic in his article is very entertaining. The reader's question is so common and typical, and Sergei's answer is so logical and reasonable that they could not pass, as they say.
In our environment, unfortunately, without anything to communicate with the topic of financial investments. The most common among friends and acquaintances is Morgage - Mortgage. And another car loan. And dear.
And any attempts to develop a discussion about financial independence are raised figuratively saying "to buying lottery tickets" and the complete denial of the presence of any meaning in the delay of the same 10% of the salary. It is clear, the Mother-Mother "swollen" with respect to numerous changes as in politics and financial crises did not bypass.
People believe more in the accumulation of "under the mattress" rather than in financial investment. Yes, and do not forget about the complete lack of financial literacy in this matter. Do not even start about "inflation all eating ...", please.
We laid out this note for no time for the discussion (although it would be interesting, but for some reason it seems that it is already predictable ...), how much to think about as such to a given topic.
We are all sacred believe that still young and energetic and work for more than one more years is enough enough, and then the Morgage will be paid, along with him housing, pension and children with grandchildren. And all this good we have enough eyes and on the ears for the full life of our pensioners.
This, probably, with this situation, it is best to hope for the presence of children who (let's hope) will not throw us the same in old age from our honestly earned Nishchen pension and the mug of water will be given exactly.
Under financial independence and well-being, we personally understand not millions in your account and parked yachts from a multi-storey villa, and a decent pension (our many years of investment step by step created), no matter how there sausages which state in which we will bring to the point live. Do you understand?
Your restless nat and Tyoma
In general, read his article - it is completely reduced in italics.
At the end of the article in Sergey's blog, you can see the comments of readers on this topic.
For a long time I have not written to the blog and sending articles of a leafless nature from the series "Investments is good and necessary!". It seemed to me that the readers for the 9 years of the existence of the "Secrets of Investment" of this thought was already quite obvious.
However, letters and comments that came in response to the previous issue of mailing, make me return to this topic.
Today is one of these letters.
Topic: Want to fit, and you want - kui ...
Dear Mr. Spirin,
please do not specify my surname and email address if you will quote my message.
But the last release was very surprised. In the style of some Bodo Schofra, you call "stupidly postpone" ten percent of the monthly income - and somewhere (not very clear - where) to invest them, while calculating how much a person will accumulate, getting ten percent per annum on the invested funds. What about inflation? And why will these ten annual ever be?
How much will it really be a million Russian rubles in twenty years? What kind of "Lord" is it known?
It seems to me that for a person who receives a pure bucks per month, the optimal "way of investing" will be acquired by Sportloto tickets. In this case, at least some chance he has an old age ...))
What do you think?
SS:
If you were more attentive, you could notice that I didn't write me, but by the financial consultant by Vladimir Savenk.
However, with the main thesis of the article by Vladimir, about what to invest, I agree 100%.
And exactly the same 100%, I do not agree with the idea that it is better to buy lottery tickets.
Let's figure it out why.
Of course, inflation has a noticeable impact on the real profitability of your investment. With officially predicted this year in Russia, inflation at 7% - 8% (and, possibly, even higher), the real income from investments under 10%, indeed, will be low.
However, comparing this option with other discussed options, you need to recognize that it is better for such a small income than nothing. And even more so than an obviously negative result.
Let's compare the possible options. I will be in order to increase the preferred options, from the worst, to the best. From my point of view, which I am lower than justification.
Option 1. Insert money in the lottery tickets "Sportloto"
Option 2. Do not invest anything, we spend all the money for current consumption
Option 3. Do not invest anything, keep money in stocking, mattress or safe
Option 4. Insert money under 10% per annum (for example, on a deposit to the bank)
Option 5. We invest money in the tools with yield above 10% per annum
Why is the order of just such? Let's deal with.
What is any lottery in general and "Sportloto" in particular ( Option 1)? This is a kind of gambling. The differences of gambling from investment is that, from a mathematical point of view, the lottery is a game with a negative amount. The organizers of the lottery give to the participants much less than the total collected from them. As a result, the cumulative income of all lottery participants (with the exception of its organizers) is a negative value. You just lose money by giving them to the organizers of the lottery. Therefore, this option is the worst.
By the way, "an independent game on the stock exchange," as a rule, is essentially not very different from lotteries and other gambling in the sense of the mathematical expectation of the result and your chances of success. The probability of winning the average exchange player is also negative if you are engaged in the game on the stock exchange, and not investment. Judging by the fact that you are writing about your game on the stock exchange in the past time, you may have already reached the understanding of this fact.
If you do not invest anything, and fully spend all the money for current consumption ( Option 2.), it would seem, you won't lose anything. But at the same time, you fully deprive yourself of savings and opportunities to receive additional investment income. Any unforeseen life situation (you were fired from work, you got sick, fell into an accident, poured the neighbors from the bottom, etc.) knocks you out of the rut and makes you seek help to friends and acquaintances (or, even worse, for the loan in Bank, after which your yield becomes negative). Old age you meet without savings, with a beggar state pension, worthy of living on which it is impossible.
If you do not invest anything, but save some part of your money from the salary and keep them in stocking, mattress or safe with a yield of 0% per annum ( Option 3.), the purchasing power of your money is gradually reduced due to inflation. However, it is still better than nothing. You have a certain protection against small vitality, and you do not need to run to the bank for a loan every time some vitality (by the way, inflation - much less evil compared to bank loans, and in the sense of interest rates - also) . It is unlikely that you will be able to make a lot of money to the old age. However, at any time you have the opportunity to quickly go to the options 4 or 5, since you already have something to invest. And this situation is fundamentally different from options 1 or 2.
If you invest in simple, accessible to all and each tools (for example, on a deposit to the bank) at a rate comparable to inflation levels ( Option 4.), then your situation is radically better than in previous versions. You no longer lose money as a result of inflation, but retain their purchasing power, and perhaps even earn a bit. Your savings are gradually formed and begin to grow, and any, even insignificant, excess of the profitability of your investment over inflation leads to the inclusion of a complex interest mechanism, which in long investment horizons increases your savings in geometric progression.
It is clear that the conditional "10% per annum" in the article are shown for the example, and in order to be on the digits to show, which can be achieved by investing with such a profitability rate. The conditional "10% per annum" is just a bet, comparable to the inflation rate that can be obtained not too straining, without possessing any knowledge, and inserting into publicly available financial instruments, like bank deposits.
At the same time, putting at least 10% of the salary, and competently investing them even into publicly accessible low-income tools, the overwhelming majority of our fellow citizens have real chances during their lives to solve the pension question. And people with income above average have chances to solve and many other urgent questions - transport, apartment, etc. Of course, not immediately. And, of course, it will not lead you to great wealth. But with their tasks, you can handle it in this way.
Popularizers of the world of finance, such as the same Bodo of Shefra or Robert Kiyosaki, call such options for investing "Financial Protection" or "Financial Comfort". With all the popsiness of Kiyosaki and Shepher's books, they should not be underestimated - they give a recipe for success suitable for most ordinary people, which, as a rule, does not want or is not able to be interested in the world of investment more deeply.
If you pose an analogy with the world of sports, then regular investments in simple tools are like regular jogs in the morning. This is not enough for the battle for the medals in sports competitions, but you can up to the old age maintain your health in good shape and climbing the stairs without breath.
Is it possible to invest your savings for an even higher percentage ( Option 5.)?
Can. And, of course, this option is preferable to banal investments in publicly available low-income tools.
However, it arises difficulty. It will require investment from you not only money, but also your personal time, and long-term and systematic. Therefore, even trying to give such advice in short public articles to people who simply rest the newsletter, it would be meaninglessly (approximately just as meaningless how to give professional tips on the running technique to those who did not have to fulfill satisfy even on the morning jogging).
First, simple answers do not happen here.
Secondly, the answers here can only be individual (that is, different for different people, and, believe me, very different!), And can be given only after a thorough analysis of a particular situation.
Such tips can give you Vladimir Savenok, or I can give me during your personal consultation. A deeper understanding can be obtained during training in our distance courses. But to expect recommendations for investing from short articles in the mailing list - I repeat, rather naive.
By the way, keep in mind that it makes sense to seek for advice that the initial capital has already been formed. That is, those who once chose at least Option 3., and even better - Option 4.. With those whose capital is absent, who spent everything without a rest, or bought lottery tickets, alas, talking about nothing - what is the point of talking about investments with those who have nothing to invest?
Therefore, start at least small. It is better than nothing. And then, by taking experience and capital, go to more professional investments.
The road is asset going.
Standing, the fifth ass, or the chaotic movement in paying for good luck (this is once again about lottery tickets) - not aswat.
Sergey Spin's blog: Investor's notes :: O_O Tired of staring into the monitor and wake up at night in the cold sweat? Throw speculation, deal with investment! Blog Sergey Spin | Fintraining.LiveJournal.com.
Small but necessary preface to answers
Having received questions from Nicholas, I was, I confess, slightly surprised, because Treding is not the word I have ever called my activities.
Before you read my answers to questions, I consider it necessary to clarify that trading is neither my main occupation, nor my main source of income. I am an investor, an entrepreneur, a consultant, a teacher, a writer and many more who, and only after that - a trader, and even then only in the sense that sometimes I spend operations with securities on the stock exchange. And although I am still formal, I am still a trader, I am afraid that most survey participants understand under the trading is not at all what I do.
Nevertheless, I think that an investor's view to the trader community can also be interesting.
Sergey Spirin
Part 1 Your story
1. How old are you?
38
2. In which city do you live?
Moscow
3. What is your education: secondary, special, higher?
Higher. Rather, two higher, first, basic - technical, second, additional - Economic
4. What is your first specialty with which you came to the market?
What did I do at a time when I first entered the securities market? Worked in banks. To the market, my specialty at that time did not have a relationship, in banks I was manageing networks of branches and offices. The market has come not from the person of the bank, but as a private investor.
5. How old are you in the market? What is your experience as a trader?
If you consider my early and not very successful experiments with the GCO, then since 1998. If under the market to keep in mind the stock market, then somewhere since 2003
6. Are you an independent or corporate trader?
I am an independent private investor.
7. How many places you changed being trader, managers, boss?
My work has never had a direct relationship to trading. First worked in banks, five years ago went to an independent business. In parallel with these classes, sometimes spent operations on the market.
8. How and when did you first become interested in stock trade?
At the Institute, somewhere in 1993, when he received economic education, and read the book L. Angel, B. Boyd "How to buy shares."
9. What was the root cause of your coming to the market?
Curiosity, interest, desire to receive additional income from investment.
10. What did you know about trading at all, except that this is a very profitable thing?
I was a little sided with the work of traders in the Daling Deposits of Banks. But, in general, the view was vague.
11. You understood what they did? Did you read anything before this about the stock market, promotions, futures, bonds, risks, strategies?
I read, but mostly, it was pop, like the mentioned book "How to buy shares?" Or books of Kiyosaki.
12. Did you know the size of the contracts? Lots? Did you know the size of the commissions?
I was interested in these issues before climbing the market. I'm not sure that I understood everything correctly, but I tried to understand.
13. Have you used foot when closing unsuccessful positions?
When losing what money? 100, 300, 500, 1000 dollars (rubles)?
When losing which part in% of the account? 1, 2, 5, 10, 25.50?
At the beginning of the way, when I was screened by speculation, I used the feet, but put them not systemically, but "on tekhaniza", in the area of \u200b\u200bsupport / resistance levels. Now I understand that this is not the best idea, but I have no desire to check other speculative strategies. For the past few years, I do not put the stops, my investment strategies do not imply the use of this tool.
14. Have you traded on your or other people's money at the beginning of your trader activities?
Solely on your own.
15. What amount did you start as a private trader?
I do not remember exactly. Somewhere about 50-100 thousand rubles allocated on experiments with securities.
16. What amount of money allocated an investment company for trading?
No, except for standard "shoulders".
17. What transactions are you remembered as the most dramatic or exciting?
As Self Suelson spoke, real investments should be approximately as fascinating and exciting as observation of growing grass or dry paint. So I have about the same.
18. What year was the best?
From the point of view of increasing the account in the securities market, apparently 2005-2006. However, the saying "No need to confuse a bullish market with genius" I know, and I understand perfectly that the genius is not here.
19. When did you get the first tangible big win? What was he like?
I never belonged to investments as to the game, so if we talk about the "winnings", then, probably, never. From 2004-2005, I began to receive a stable income from investments, but this incidence is not related to the word "win."
20. What is your average annual income in%?
It happens very differently.
21. What year was especially bad?
If we talk about quite large losses that were unexpected for me, then, perhaps, the 1998th year, the loss in the GKO market. Cedigre occur now, but now I consider them as an element of the system, as opportunities for profitable purchases.
22. What size (in dollars or%) was the most unprofitable your deal?
The GKO market losses amounted to approximately 50-60% of the amount attached to this tool (if we take a dollar capital assessment) due to the devaluation of the ruble during the "frozen" bidding in GKO.
23. How long have you been traded after it?
Some years.
24. Why didn't you leave the market, but continued to trade on it as a professional?
I returned to another market, with a completely different level of understanding.
25. What duration and largest was the most significant Drodon of your account?
I find it difficult to answer. I do not remember.
26. Do you think your sudden losses are a consequence of some changes in the markets?
In recent years there was no sudden loss. There were drawdowns that are part of the system to which neither the word "sudden" nor the word "loss".
27. How did you survive the crisis of 1998, 2008?
About 1998 wrote above. However, then I was more focused on work than on investments. 2008 year, thanks to a balanced investment portfolio, survived well.
28. Do you have any goals outside trade, purely in life?
There are goals within business, personal development, etc.
29. Who do you see yourself in ten-twenty years - is still a trader?
I am not a trader now. And in ten or twenty years it is unlikely that they will become.
30. Do you experience the former trading pleasure if you are doing it to thirteen hours a day?
Thirteen hours I have and in a year it is unlikely to go.
31. Is there a practical capital limit that you can manage?
I find it difficult to answer. I think there is no such limit.
32. If you have enough personal funds, then why do not you trade on them? After all, then you avoid all the worries related to the management of other people's funds?
Trading exclusively personal means.
33. Why is it generally required to manage other people's capital? After all, everything you need, can you get from your?
Alien capital is "shoulder", "lever". Time is money. Using other people's money won your time. However, for me it is still more theory, I repeat while I manage solely with my money.
34. Do you have any additional income but trading income? Perhaps these are bonuses, business, teaching activities, publications?
There is. Business, investment revenues (not related to trading), teaching and consulting activities, publications.
35. Which part of the money earned on trade, do you invest in real assets or accumulate on a brokerage account?
Trading is not a source of my earnings. Investments in the securities market are just one of the investment tools, among others.
36. For example, did you buy real estate? Successful?
Bought. Successfully.
37. Or everything is done outside the market, does not bring revenues as the market?
I have many different sources of income. The market is only one of them.
38. What do you currently do?
I am answering the questions. In parallel, I am preparing for your first paid webinar on the topic of portfolio investments.
39. What projects are now driving?
The main project is the Center for Financial Education, http://fintraining.ru
Part 2: Your Personal Qualities
40. What internal qualities should have a successful trader?
First of all, perhaps adequate. The right assessment of the surrounding reality is generally the market in particular. In second place - discipline.
41. Do you think that outstanding traders have a special gift?
If many people play sportsloto, then one of them wins. Does he have a special gift? I doubt.
42. What is the proportion of talent and labor in trade success?
I think the proportion and of the other is low. For a player, luck will be more important, and for the investor - adequate ideas about the market and readiness for action.
43. What traders are most important for the employer (Fund)?
The ability to competently and effectively affect their activities, give interview media, glowing on TV, to be part of the parties. It is this (and the trading itself is not at all) brings the main profit to the employer (Fund).
44. You never occurred to you that maybe stock trading is not your business?
I have already guessed about it for a long time. For me, stock trading is a strong secondary occupation.
45. And you do not feel that we were passing as a trader?
Not. For the short number of hours a year I dedicate to the market is very difficult to overworthy.
46. \u200b\u200bIt is known that there are very few traders who are just as lucky as you. What, in your opinion, distinguishes you from the rest?
Maybe the fact that I do not consider my successes by the consequence of "luckyness"?
47. Do you greatly worry big losses?
Unplanned losses - yes. Losses that are part of the system - no.
48. How do you cope with emotional stress when you fall into the lane of failures?
Emotional health is part of the health of physical. Therefore, I try to take care of my health: I'm worried in the bath, I spend more time in nature.
49. You greatly worry big winnings?
Not much. It happens, of course, nice, but no more.
50. What gives you a persistence on the market: intuition, courage, systemic approach?
System approach and adequate understanding of the realities of the market.
Part 3: Your view to the market
51. Have the markets have changed since you started trading on them?
Those features of markets that are interested in me, have not changed fundamentally over the past 200 years.
52. What are they?
"Doodles" has become more.
53. Do you feel that the markets have become smarter, they have become more difficult to trade or is everything defined by not the experience of participants, but by external market factors?
I do not think the markets have become smarter.
54. Have you felt an increase in the share of robots in the markets?
In my opinion, the appearance of robots increases the overall "nonsense" market. However, it will not be particularly brightly manifested in ordinary trading, but in critical moments.
55. Do you feel at the market begin to come big money or leave them? What is this manifest in your opinion?
The arrival of big money leads to the growth of the market, the care of big money - to fall. There are many factors both on the market and outside it that allow it to feel.
56. Do you think that today the markets are more prone to false breakthroughs? Does this mean that the systems following the trend are doomed to mediocre results?
Systems focused on the global trend of the stock market growth in the long run are doomed to good results. Systems trying to predict "stock exchange noise" are doomed to mediocre results, which in most cases will be negative.
57. Do you think that in the last five or ten years the markets have changed due to the fact that now the share of professional capital management has a much greater share of speculative trade compared to small speculators, which usually make all imaginable mistakes?
I find it difficult to answer.
58. What markets have the strongest influence on Russian and when is this influence noticeably most?
In the medium term - the oil market.
59. How equally the behavior of various markets? Are the price models of the stock market and the bond market or is it peculiar to a certain individuality?
They are characterized by a certain personality.
60. Do you think the models of different markets are similar or not?
See the answer to the next question.
61. Do you think that the stock market differs from other markets? Or does he behave in the same way as other markets?
The main thing (for me) the difference between the stock market (and, to a lesser extent, the bond market) is that in the long run he has a mat. Waiting for profitability above inflation. Mat. Waiting for commercial market yields - approximately at the inflation level. Mat. Waiting for forex returns - zero or lower inflation. All other differences are not so principled.
62. Technical information on product markets is exhausted mainly by price indicators, volume and open interest. And on the stock indices, it is much larger: these are the growth / fall coefficients, a variety of psychological indicators, the ratio of various groups of shares and so on. Does this mean that the usual systems following the trend initially turn out to be in a disadvantage due to the fact that they do not use information enough?
For me, all this does not matter.
63. Does the stock market differ from commodity markets?
Yes.
64. What is the greatest misconception of the public regarding the market?
What he can be predicted in the short term.
65. What new trends, in your opinion, how are the long-standing connoisseur markets expect our economy in the near future?
I'm not a dozen and not analyst. The economy is a derivative of politics, and she recently inspires me serious concerns. But everything can change.
66. In which markets do you really have difficulties due to insufficient liquidity?
The absence of the normal liquid market of precious metals leads to great losses on commissions and spreads.
67. What positions can be calmly operated without creating problems in small and highly liquid markets?
I do not know.
68. How can I evaluate the liquidity of the market before and after the crisis? How much did the turnover fell?
I do not know.
69. Can you trade in such markets where there is no high liquidity, but are powerful trends?
Yes.
70. What happens when you place orders in those markets that do not apply to the number of the most liquid? Did you notice that these orders really move the market?
Yes, noticed. Moreover, somehow somehow happened to "move" the illiquid market of shares of Kazakhstan.
71. Often you hear stories about how very large traders try to push the market up or down. Do they manage it?
I think yes. As I wrote above, I was "moving" to the market, even when I was a very small investor.
Part 4: Your Successful Strategies and Tactics
72. Who are you more:
intuitive trader?
System trader?
Intuitive system trader?
I am an investor.
73. Are you a trader:
One market: Russia, America?
One class of assets: shares, bonds, futures?
One Asset: RTS Index, Oil, Gazprom?
One Strategy: Arbitration, Spreads, Speculations?
Not. I try to enjoy the benefits of broad diversification.
74. Your assets are diversified or focused in one instrument, market, strategy?
Diversified.
75. Your currencies are diversified, or is your life only ruble? Only dollar? Only euro?
Diversified.
76. Do you trade within a day or at higher timeframes: day, week, month?
Rather years.
77. What is the average frequency of your operations: every 15 minutes, every hour, a few hours, every day, a few days ...?
No more than several operations per year.
78. What frequency transactions do you have more: profitable or unprofitable?
Profitable much more. If you enter a position for several years, then it is not so difficult.
79. What do you like to trade more: short-term price fluctuations, trends lasting in a few days, medium-term monthly trends, long quarterly (annual) trends?
Even longer trends.
80. Whether you ever traveled around around the clock, or your lot of the strict trading session framework.
Neither one nor the other.
81. Do you trade the evening session on Fortse?
Not.
82. What shopping rules do you hold?
Before holding any operation, I try to clearly formulate myself, why and why I spend it.
83. How do you feel about the inevitable gapam of the Russian market due to the difference of time with America.
Indifferently, without the slightest interest in them.
84. What do you do with a strong market growth:
Close the positions, open them, wait until the market goes to the top and calm down?
85. What do you do with a strong drop in the market:
Close the position, open them, wait until the market falls on the bottom and calm down?
86. What do you do on a weak low-olted lateral market:
Trading, do not trade, are preparing to a strong movement?
87. What do you do on a strong high-voltage lateral market:
Trading, do not trade, wait until the market calms down to enter the game?
88. How do you act in the situation the market is growing, and you did not have time to buy cheap?
89. How do you act in the situation the market falls, and you did not have time to sell expensive?
(84 - 89) My decisions are determined by other factors.
90. What do you do in the case of your psychological crisis caused by strong market movements against you?
I remind you that I came to the market for a long time, and short-term oscillations should not worry me.
91. Do you always learn the level on which you will leave from the transaction before joining it?
Not. No price level in itself will make me get out of the transaction. This requires the causes of another order.
92. When do you give an order about opening a position, is he accompanied by an order to get out of it?
Not.
93. It happens that if you have discovered the position, and then in five minutes it was disappointed in it, then you will not have to worry about what to immediately close the position is indecent and that the broker may think that you are crazy.
For me, the broker is a function, an automatic for the execution of orders. I will not come to mind to worry about what Windows will think about me if I start to rename files?
94. And did you happen to return to the transaction immediately after leaving it?
Only very, very long ago, at the stage of my early speculative experiments with the market.
95. Is it worth listening to other people's advice and enter the transaction without its independent analysis?
Absolutely not.
96. Have you received bad tips from good traders / chiefs about entering the transaction?
I try not to pay attention to any other people's advice.
97. Do you discuss markets with other traders? Personally, on the forum, in chat?
In order to obtain information - no. Sometimes "monitor" so the general mood of the players.
98. Can I just look at the market and do not use any analysis to take the right deal about the transaction?
I usually make a decision on the deal without looking at the market.
99. Do you open 100% position at once or parts?
Differently. More often 100%.
100. Do you close a 100% position, or parts?
Differently. More often 100%.
101. Do you all use a fundamental analysis when forming your trading decisions?
Sometimes I use.
102. Does every your position have a certain fundamental foundation?
It depends on what to consider the fundamental basis. From the point of view of classical fundamental analysis - no, not every.
103. It is possible to say this: with a significant change in the fundamental scenario, the direction of the first market movement often serves as a good indicator of the long-term trend.
Not interested in this issue.
104. What role in trade plays intuition?
Negative.
105. How much is the luck playing the luck?
Different people are different. I dare to believe, small.
106. What is technical analysis for you: nonsense or rationality?
Theory based on the peculiarities of mass psychology. Due to the fact that the mass psychology has yet been studied poorly, the theory is extremely fuzzy.
107. What is rational, and what about black magic?
I do not believe in the existence of black magic, so I suppose that nothing.
108. Do you start a deal only because a model appears on the chart, which, how do you know from experience, is often preceded by a market lifting? That is, when you do not have any fundamental reasons for this.
It is better to do this when the fundamental bases and the model on the chart give the same forecast.
109. Do you usually follow the breakthroughs of trading corridors? If so, what do you do if the breakthrough turned out to be false?
Usually not follow.
110. What about breakthroughs that occur on the day of publication of some article or news?
Similarly.
111. Is it worth participating in an uninterrupted, but strong price movement?
Do not even make solutions in this way.
112. Is it true that with the expansion of the use of computer systems following the trend, the frequency of false technical signals has increased?
I find it difficult to answer.
113. Suppose you bought the market up from the consolidation zone on the market breakthrough, and it begins to move against you, that is, back to the corridor. How do you determine the moment of exiting the market? How do you distinguish small rollback from an incorrectly oriented transaction?
I do not buy and do not sell.
114. Sometimes the mass of other market participants use the same level of stop, which can tighten the market to it. Does it be confused by this option?
Not bother.
115. Do you have to use stop orders, or the sizes of the position almost do not allow this to do and you manually open or close the position?
Recently, I do not use stop orders.
116. What method of trading is more preferable for you: on limited, market or stop applications?
On market applications.
117. What ultimately tells you about the wrong direction of your trading? Stop-order, of course, limits losses from your first transaction. But if you are confident in the fundamental justification of the selected direction, then do you take the following transaction? However, when the general direction of the market is defined incorrectly, the losses will go one after another, right? What time do you recognize your mistake?
I'm not so trading.
118. Whether you recognize the existence of such systems following the trends that may indicate levels where you can expect the emergence in the large capital market. Do you use systems of this type for trading any part of the capital you manage?
Not using.
119. What do you think it is possible to create such a trading system in general that will not give way to a good trader?
On a more or less long-term perspective, it is unlikely. Markets change.
120. Could you tell us about your method of fundamental analysis? How do you determine what should be the fair price in the market?
It is difficult to explain short.
121. Can you trade around the clock? Do you want to do this? How do you distribute your time between work and personal life?
Not. If someone wants to trade around the clock, he is better to contact the doctor. Perhaps the situation has already come too far.
122. What do you think is it worth overwriting the situation by force if it develops not in your favor?
What is it like?
123. You mentioned the two necessary elements - control over the risk and confidence in the deal concluded. What is the usual risk of your transactions?
In 1952, Harry Markovitz told the world that the risk should be assessed not at the level of individual transactions, but at the level of the portfolio as a whole. That is what I do. Therefore, the question of risk on a separate deal is usually interesting for me.
124. If the market rises three times in a row to the upper limit, then at some point it can open on the lower limit. How do you determine or feel when you can not open a long position on the upper limit?
Based on the fundamental characteristics.
125. Do you take breaks after a series of unprofitable deals? What duration?
Not. I am all the time in position (more precisely, in a large number of positions on different tools).
126. Do you analyze your mistakes?
Yes.
127. Do you lead a trader's diary to record these errors?
Trader's diary - no, income and expenses accounting magazine - yes.
128. How do you do if your trader flair says one thing, and your systems are different?
I taught myself not to make transactions based on "Face"
129. Before making decisions, do you wait for the appearance of some signs of the market reversal?
Not.
130. What about discover the deal against the dominant trend?
Easily.
131. If you spend such a deal, that is, you buy when the potential movement down is limited, then you go to victory or at some point you are attached?
If the portfolio is well diversified, "I keep to victory."
132. As a system trader, do you use such a system that in the best way was tested by last data, or guided other factors?
First.
133. Does the scale of trade affect its effectiveness? Is it harder to seek success, trading in large?
Maybe.
134. Does slipping prevents you?
Does not interfere with absolutely.
135. How do you come to the conclusion that your major position is erroneous? What does you suggest close it?
Serious change in external conditions that are not reduced to the price.
136. Do you win the highest possible risk level when you start a deal?
I am interested in the risk of the portfolio as a whole, and not separate items.
137. The tendency is easy to identify with the help of a simple system. Do you use any special features for this?
I'm not trading on short-term trends.
138. Do you think that we will live before the day when systems following the trend will become ineffective?
I believe that most of them are ineffective now. Just about ineffective systems is not customary to talk widely.
139. Will it be able to give the previous effects of the methods that you used before?
Yes.
140. I understand that you can not go into details, but isn't your approach to false breakthroughs entails the transition to a more short-term trade that allows you to react to such situations faster?
This is clearly not a question for me.
141. Do you use long-term scenarios for economic growth, inflation and dollar courses, producing their trading decisions?
Partially.
142. Even if you think that the dollar is about to fall, it will still not affect the basic schemes of your trading?
Will not affect strongly.
143. Do you read any analytical bulletins?
Not.
144. How do you choose shares for trading? Are there any formal parameters for their selection?
Undervaluation from the point of view of fundamental indicators. Liquidity. Inclusion in indexes.
145. Do you trade shares otherwise than futures? The selection process is also different?
I'm not trading futures.
146. Do you prefer any specific types of shares?
Not.
147. Do you prefer a fundamental or technical analysis?
Recently, I prefer portfolio investment. While there are separate positions, open using fundamental analysis.
148. What are the fundamental indicators you track in relation to the stock market?
The most elementary. P / E, residues for Corr. accounts, indicators of adjacent markets (oil, precious metals). However, I do not "track", but rather "occasionally look."
149. What about the relative force [measure of the price dynamics of this action in relation to all other shares].
Do not use
150. What else are you interested in choosing shares?
Investment ideas
151. Many common in the behavior of various markets? For example, can you trade bonds just like futures for the RTS index?
In general, these markets have little.
152. What is the reason for building a position?
Differently. Sometimes - availability of free money, sometimes - the drop in prices is sometimes a change in the strategic balance of the portfolio.
153. What do you do, hitting the failure? How do you manage to escape from this failure?
I analyze the causes of failures.
154. How and when do you remove profit?
This is not a renovation of profits, this is the transfer of funds from one tools to others. I do it rarely, no more often several times a year.
155. Do you have a daily accounting of your balance? Does his schedule build?
Mastering operations. Graphics are not building.
156. How useful is it? Is it worth the traders to build schedules of their balance?
Keep record - useful.
157. Do you plan profits in advance: on day, week, month, quarter, year, 5 years, 10 years?
I plan for a long term associated with the pension period.
158. How often do you extend the results of your work on the market: every day, week, month, quarter, year?
Intermediate results - once a month, detailed - once a year.
159. It is more difficult if it becomes trade with an increase in the account? Does it complicate your trading?
Not.
160. Tell us how is your business day usually go? Are you planning in advance or it all depends on the circumstances?
I have a very flexible schedule and a lot of free time. Sometimes you have to adapt to external factors, but I try to work more often when there is a good attitude to work.
Part 5. Your school
161. Did you study anyone or anywhere profession a trader?
Attended trading seminars from different teachers.
162. If so, who was your first teacher?
It is difficult to say who was the first. Teachers who I could recommend - Valery Gaevsky, Konstantin Tsarikhin. But they promote a more speculative approach, rather than now I am now applying.
163. Who would you like to imitate who they wanted to be like?
I know quite well my weaknesses, so I strive for a more "lazy" style of trade, rather than in the great and famous people. Among the people I could recommend to imitate the other - Buffett, Bogll, Graham.
164. What specific knowledge should have a successful trader?
There are quite a lot of them so that you can list in the format of the questionnaire. The main thing is an adequate understanding of how markets work. As well as risk management, fundamental analysis, history of markets, the basics of mass psychology and a lot more.
165. Do special knowledge need for successful trade: courses, institute, university?
Desirable.
166. Is there just enough experience for successful work?
Unlikely.
167. Can I say that you are mostly self-taught, or other traders taught you something useful?
Mostly self-taught, but all people meet on my life path I tried to take something useful
168. Do you have your disciples?
Yes. A lot of them. Only the number of remote students (cadets of the Center for Financial Education) has already exceeded a thousand, and there were still many full-time seminars, meetings, conferences, etc.
169. Are there any very successful traders among them?
Yes there is.
170. If so, in what proportion do you relate to their achievements to your mentoring and their own talents?
I gave them basic knowledge. And they already honed their talent themselves.
171. Is there something that gives a good trader in the student?
The desire to get to the essence of things, to check everything, the system approach.
172. Is it possible to learn to trade?
To teach "Play" - it is very easy to teach "winning" - difficult.
173. What do you think happen to those who do not learn to trade?
Differently. Someone will find the strength to throw this occupation, someone will roll in "Gamers."
174. If you compare your successful disciples with the mass of others, then you can find any characteristic differences?
Adequacy, systemic approach, healthy distrust of generally accepted opinions.
175. What misconceptions lead to failures in trade?
There are quite a lot of them.
176. What advice would you give novice traders?
To think seriously, whether to do it.
177. What other mistakes, in addition to excessive trading, are usually allowed for newcomers?
The most common - following their own emotions and exposure to the emotions of the crowd.
178. What else would you advise a newcomer?
If it really is very neurous, then at least limit the amount for trading a small percentage of capital, and not to increase this amount before the emergence of confident success and will not pass at least three years. At the stage of training (at least 3 years), in no case trade the borrowed funds.
179. Is the idea that you can take almost any smart person enough and turn it into a lucky trader?
Obviously incorrect. Everyone cannot be lucky traders, someone must lose money to successful traders, and there will always be the majority.
180. Are you not afraid to disclose your trade secrets?
Not.
181. Are there such trade principles that you could tell without revealing your secrets?
Yes.
182. What could you advise other traders on how to keep calm during periods of trading losses?
Study the history of financial markets, to have a system based on long-term historical data.
183. Having all his trade experience, from defeat to exceptional success, - what would first advise you:
beginning trader?
loser trader?
It is a pretty think about throwing trading and engage in investment.
Sergey Spirin: http://fintraining.livejournal.com
Head of the Center for Financial Education
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