The 3 Hardest Jobs in the World

  • Posted by on March 19th, 2015 at 5:15 pm

1) Consistently outperforming the stock market. The key word is “consistent” because to be the best at ANYTHING you have to be consistent. Michael Jordan is not considered one of the best basketball players¬†of all-time¬†because he scored 30 points ONCE in a game. It’s because he “consistently” averaged 30 points per game over a 15-20 year career. Paul Tudor Jones is not considered one of the best money managers ever because he was positive one or two years. It’s because he’s been “consistently” positive for over 25+ years.

Anyone can do well over a month, a year, or even 3 years in the stock market. However, there are only about 20-30 people in the world who have consistently beat the market over a 10, 20, or 30 year period. Every year, about 90% of mutual funds underperform the S&P 500. It’s definitely one of the hardest challenges to beat the market on a regular basis. It takes mental toughness, hard work, dedication, preparation, and of course some luck. Personally, I’m so passionate about it that it’s almost an obsession. But, hey, there’s nothing else I would rather be doing.

2) Being a stand-up comedian. The number one fear humans have is public speaking. Number two is death. In other words, people would rather DIE than speak in front of people. Now think about speaking to a crowd and having to be funny. I admire stand up comics because I think they are some of the most brilliant minds out there. More importantly, they really don’t care what other people think…something that truly makes one successful.

3) The third hardest job in the world? Being a bank teller in Alaska. Why? Because everyone who walks into the bank is wearing a ski mask.

I can be reached at: [email protected].

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VIDEO: 2 Minute Market Recap

  • Posted by on March 18th, 2015 at 7:40 pm

The following video is a 2 minute recap of the US Stock Market. The purpose of this video is to pass along some of my experiences from 18 years of trading, and to provide education and market commentary. If you have any questions, you can email me directly at [email protected]. Thank you for watching and good luck trading!

Charts are provided by MarketSmith. To learn more or for a trial, click here!

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Stocks discussed in this video: $AAPL $CELG $QQQ $SPY

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No June Rate Hike

  • Posted by on March 8th, 2015 at 8:19 pm

One strong Jobs Report last Friday and it’s the end of the world, huh? That’s it, the Fed is going to raise rates and the market has topped. For those who don’t know me, I’m being sarcastic. Here are a few thoughts:

1) This week, you will hear non-stop discussions about the Fed. My best advice is don’t get brainwashed by the financial media. LEARN TO THINK ON YOUR OWN! If you are easily influenced, turn off Twitter and shut off the TV.

2) The Fed will NOT raise rates in their June meeting. In their March meeting, they will keep the word “patient” in their language and they will continue to be accommodative.

3) It wouldn’t surprise me if some Fed speakers come out this week with dovish comments to help soothe the markets.

4) Many think the market dropped on Friday (3/6) because the jobs report signals the economy is strong enough to handle a rate hike. Personally, I think it dropped because we had a strong run in February and it was an excuse to take profits. It was the market’s way of keeping the greedy people in check…that’s all!

5) The Fed doesn’t ONLY look at Jobs data. They look at GDP, Housing, Manufacturing, Wage Growth, etc. While these areas of the economy are improving, they are still not at levels where the Fed would like them to be. The Fed would rather be late in raising rates than possibly put a dent into what many still consider to be a fragile economy.

6) Technically, the market is still in a strong uptrend and Friday was the first real distribution day in over a month. No need to panic until we start seeing the big boys dumping more stock. Remember, I refer to the Nasdaq Composite as the market because it has always been the leading index of the 3 major averages. The S&P has lagged recently due to Energy, while the growth areas such as Biotech continue to act well. I discuss more technicals in my Weekend Video.

I realize that I could be dead wrong, but until I see more selling by the large institutions, I am sticking with this uptrend. It wouldn’t surprise me if we see a little more downside over the near-term, but again, that would be normal price action considering the strong gains in February. Good luck trading!

I can be reached at: [email protected].

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