Surprised that we are still harping on the Eurozone crisis? Or are you thinking out loud, when will there ever be a time where the markets are not that volatile? Well respected stock market and wealth educator Marcus De Maria is seeking to help filter your lenses to find opportunities despite these conditions. Having turned his life around with a formula for financial wealth, Marcus has helped many others turn around their lives and become financialyl independent.
Other than having appeared on BBC TV?s The Money series (How To Be A Millionare, 2011), Marcus is also the author of the book, ?Wealth Workout ? The Simple Seven Step Formula For Financial Success and the contributor to leading money, finance, stock market and property publications in UK.
In an exclusive interview with Shares Investment, we tap on Marcus? invaluable insights on the realms of investments and what investors can do to re-evaluate their current trading or investment patterns. His comments are as follow:
Shares Investment: Brent crude oil has rolled down from a high price of above US$125 in Mar-12 to below US$100. What is your view on the black gold?
Marcus De Maria: I remember when it was up above US$140?s in 2007/2008 and my team were day trading with massive volatility until it went all the way down to the US$30s again. That was a wild ride. So can this happen again? I don?t believe so this time. My view is that for the first time in a long while, I started buying into it a few days ago ? I might be a little early, but I don?t want to miss the move up when it happens.
SI: Both gold and silver had their prices peaked in Aug- 11. What is your take on the two precious metals? Which, in your opinion, offers more opportunities?
Marcus: I tend to concentrate more on silver than gold because silver is more volatile, which allows many more entry points and exit points. So I tend to enter around US$36 and exit with a quick 10% but have the majority of my silver allocation in more medium term plays. The chart does look bearish at the moment though, so I have not added to my position.
SI: Platinum has historically traded above gold. However, this long-known trend has reversed in recent times. Is this pattern sustainable?
Marcus: Yes for the first time in 20 years platinum is priced below gold. But does this mean that gold is overvalued or platinum is undervalued? As we know, gold is a play on currencies being devalued. China is slowing down due to a lessening of global demand for its products. So in the short term platinum might stay low, but for the medium to long term I like its chances. I have recently bought some for my children?s pension.
SI: What do you expect stock market conditions to be like in the second half of 2012? In particular, what is your outlook for Asian markets? What should traders look out for?
Marcus: I love that question ? However, I don?t have a crystal ball. All I can do as a trader is to trade what I see. I believe that you should have a strategy and stick with it, not try to second guess the market. I believe that you should look for what I have named, ?Precious Resources? ? an asset which a growing number of people need but which is getting used up. Gold isn?t getting used up, 99% of the gold that has been mined is still in circulation. But silver, platinum and palladium are all used up in a variety of applications, so you have to like their chances in the long term. And of course oil.
I am really excited about the Asian markets. That is why we are setting up a training and trading centre in Singapore and Malaysia with our friends, Success Resources.
SI: What advice do you have for someone who is new to trading? For a novice, which are the markets he/she should start with?
Marcus: If you are new, I would actually recommend that you invest medium term. Timing the market for a newbie is a big thing to ask. But they can make good money if they spent more time catching up with the market. I have two daughters, and I am slowly building up a position for them in Precious Resources over time.
The strategy is simple ? allocate a certain amount of money every month to two-three Precious Resources. In a month when the price goes up compared to last month, invest a little less, if it goes down compared to last month, invest a little bit more. This is my twist on an improved Dollar Cost Averaging, which I have named, Value Cost Averaging. You don?t have to think too hard and you will outperform the market over time that way.
SI: What are the common pitfalls that most traders experience in their journey? For those who intend to become professional traders, what advice do you have?
Marcus: I believe that not everyone can make it as a successful trader. If I were to start again I wouldn?t trade by myself, I would have a trading buddy to force me to follow the rules every time. This is the only way to see if the system is working or not. More often than not the system is working but the trader isn?t working because they don?t follow the rules. They get excited by the market action and try something out ? it rarely works.
Rather than day-trading, I would start with a system that does not rely on the market being open, so there is no excuse for the emotions to get hold of you, like an end of day strategy.
Also ? and this is not the case for investing ? but if you are trading ALWAYS use a stop loss. If you are not using one as a novice trader, you should stop right now and do something else.
SI: Your journey to financial independence is awe-inspiring. Before setting up Investment Mastery (your very own wealth creation and education company), you had actually attended many seminars. In what ways are Investment Mastery different to the other seminars?
Marcus: Thank you but all I did was applying principles I learned from people like Anthony Robbins around my mindset, rather than the skill-set. Interestingly these were seminars, which is fine for mindset but I am not convinced you can learn enough to be able to trade during a seminar. There are too many people and precious little chance of getting your questions answered, no practice and crucially, no follow up support.
At Investment Mastery we have turned it on its head and run workshops not seminars. Everyone has a laptop, we practice placing trades, we spend a lot of time getting people prepared to make money and then we follow up with you immediately the next day. We have one hour coaching calls every week with our traders live where you can get all your questions answered.
It?s a lot of work for us but our graduates appreciate it because let?s face it, the follow up support is probably as important as the workshop itself!
For investors who would like to get a first-hand experience on wealth management and how to master your investments, you can head down to wealth expo, where Marcus will be speaking about the mastery of oil, silver and shares investment. (For more information, please visit http://www.nacsingapore.
com/si/)
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!
Source: http://www.sharesinv.com/articles/2012/07/21/investment-mastery-master-it-with-marcus-de-maria/
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