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Dear Michael,
I appreciate your personal interaction and I am eager to hear your answer.
Maybe a little background from my side:
I am 38 years old, have a small family, situated in Germany and want to take my investments into my own hands, since I have no big faith in (investments) banks anymore due to some bad experiences. I have an academic research background and am fond of the idea of seeing investing from such a perspective, which is probably why the strict and rule orientated “Turtle Trading Strategy” caught my attention.
My goal is financial goal is two-folded. I want to have a defensive part in my portfolio for my retirement, which gives me about 29 years until I want to extract money from that part. The other part of my portfolio can be more risk orientated and is subjected to a short term (2-5 yrs).
About a year ago I wanted to get to know more about the financial market and how to best invest in the stock market. I have started reading financial news websites, bought trading magazines, searched the web etc. But, most of the stuff you read is about fundamental analysis. This “strategy“ really doesn’t catch me at all for two main reasons:
1. Excessive subjectivity on fundamentals of any given company
2. I do not have the time to read all that stuff having a 9 to 5 job and a familyDuring the course of my research, I came to the conclusion that either momentum and/or trend following strategies seem to be the best suited trading strategies for me personally.
So to be honest with you, the biggest challenge I am facing with my trading is that I have not started investing in any kind of strategy yet because of two reasons:
1. I haven’t found any strategies that give people like me (rookie with no substantially huge budget) the opportunity to try to take my first steps in investing without risking too much money.
2. I don’t fully understand many of the financial terms used, which is why I do not grasp the idea behind some methodologies.I really wonder what your answer on this will be (if there will be any).
Best regards,
Raphael B.
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