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Matt Towery: 'Take a Measured Approach' to Plot Your Own Investment Strategy


By    |   Friday, 16 October 2015 05:05 PM

Plotting your own investment strategy may seem like a difficult and intimidating task, but financial guru Matt Towery says it's all a matter of keeping on top of today's news headlines, public opinion surveys and other easy-to-find information.

"Warren Buffett says you have to read, read, read all the time and he's right," Towery — author of "Newsvesting: Use News and Opinions to Grow Your Personal Wealth," published by Looking Glass — said Friday on "Newsmax Prime" with J.D. Hayworth on Newsmax TV.

"You start collecting and looking at news on a day-by-day basis and basically journal it down…. Oil is a great example. We had an oil glut long before anyone was writing about it, but no one was taking advantage of the opportunity to start investing in that and buying oil cheaper until it dropped.

"But if you had been following it, you would have been out of those oil stocks early and you would have been back in when they were down at $40 a share, such as with ConocoPhillips. So you can really do it, anyone can, if they just take a measured approach to it."

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Towery, a veteran pollster and chairman of the investment advice site InsiderAdvantage.com, said he understands why some people feel that using current events to guide investments is risky.

"But they look at the technical and the stock market and the like … My experience goes that news governs our life now — Newsmax and other organizations like that — we rely on it day to day," he said.

"If you're going to rely on it for everything else you do in life, you've got to believe it has a big impact on what you invest in and I proved it in every single case. We saw great results when we just followed the news story and invested in the right direction."

Towery believes those who follow his system can achieve the same results as software makers and online algorithm-based predictive sites do.

The difference is it's done in a more methodical manner, one that keeps individual investor's gut instinct as part of the process, and does so by making it a well-informed and more confident part of the process as well, according to Towery.

Get Matt Towery's new Book
"Newsvesting: Use News and Opinions to Grow Your Personal Wealth" on Amazon.

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Plotting your own investment strategy may seem like a difficult and intimidating task, but financial guru Matt Towery says it's all a matter of keeping on top of today's news headlines, public opinion surveys and other easy-to-find information.
matt towery, measured, approach, personal, investment, strategy
412
2015-05-16
Friday, 16 October 2015 05:05 PM
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