An Introduction

Hi. Welcome to BourGroup and my blog. Phil

Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.

I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.

"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.

Saturday, August 4, 2007

Technical Analysis Reviewed



Some technical analysts say the "sell" point is when stocks drop below their trading "channel" (the yellow).
More nonsense to me.
If you had gotten out of your stock positions at the end of February when stocks broke through the "yellow channel" - which in technical terms was signaling a further drop - then you would have missed the increases from March through July. Please note that the ending values today are still higher than they were one year ago. Overall, the stock markets trend for long-term investors is upward.