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Pamplona, the Wild Investment Bulls
By Al Thomas
Article01.html Many people in the UK, in fact as many as one in three UK taxpayers have paid too much tax! The Taxation People, are a forward thinking online accountancy service that specialise in helping people who might be eligible for a tax refund. They offer a online service, with a simple and easy to follow process that will get you the refund you are entitled to. I would urge you to check out The Taxation People, where if you have been or are currently employed The Taxation People can help you get a Tax Refund. The Taxation People are a trading name of Greer & Taylor LLP a respected and trusted accountancy service provider who offers a number of online services. Initially they are only offeering the Tax Refund service that can be found at www.thetaxationpeople.com, but Greer & Taylor LLP are about to lauch a cost effective Self Assesment Service, keep an eye on www.greer-taylor.com for more information. Unsecured Loans Another large garage bill makes you wonder if it`s really worth spending any more money on the car. It has reached the time in its life when it`s started to cost you in upkeep and a newer model might prove to be less bothersome. With no savings to speak of you might be considering one of the Unsecured Loans that a price comparison site has pinpointed for your needs. You looked at the Unsecured Loans a few months ago but haven`t done anything about it since. Using the website that searches for low cost loans is easy as you simply enter the loan amount that you are interested in, the time period that you need it for and the purpose of the loan. The company will also need your employment status and some information about you. An initial assessment will take place for the best quote available and once the loan comparison site has found the best quote, they`ll be in touch with you. Think about the type of car that you could get with one of the Unsecured Loans and how much cheaper it would be to run. You could even combine a few of your other smaller loans into the new one to cut down on your monthly outgoings.
Our would-be matadors wave their home made cloaks at the bulls hoping the bulls will charge at it and not at them. The list of casualties at the end of the day is sometimes quite large, but, fortunately, not too many are killed. These two participants, the bull and the make-believe matador remind me of the those same participants in the stock market. The bull is Mr. Market and the matador is the make-believe investor. Why do I call him a ?make-believe investor?. Because as a former 17-year exchange member, floor trader and brokerage company owner I have had many clients who thought they were ?investors?. As a professional I would watch many of the dumb things (like standing in front of a charging bull with a rag in their hand) that clients would do with their money. Many times I could talk them out of it, but others they would insist on being gored. The professional trader learns very quickly that you cannot stand in front of a charging bull who happens to have the shape of a stock market that is going full speed either up or down. Investors love those upward moves, but a few will say I have a nice profit now so I?ll cash in and take the money only to see their stock, mutual fund or ETF (Exchange Traded Fund) continue its skyward journey. The problem was they were guessing that their price was at or near the top of the move. Is there any way to know what is the highest price? Actually ?NO?, but there is a way to catch a very large percentage of the price advance and have Mr. Market tell you when to sell. How? Let me show you the time-honored secret of the long-term professional traders. Stocks do not make an orderly procession to a top and then turn down in an orderly fashion. They move in stair steps up sometime 2 steps up and one step back or 3 steps up and one step back. Many times they will rest for long periods and consolidate. What you can do is place a stop loss order that should be moved up as your equity advances. Suppose you bought AT&T at $50 several years ago and had followed it up with a 10% or 15% stop loss order. It went over $100 and then started down to below $15. If you had been following with your stop you would have sold out about $85 or $95. The charging bull when it changed direction would not have gored you. There is nothing to fear as long as you are protecting your investment with stop loss orders. The bull is your friend as long as you have protection when his direction changes. 
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