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This week, John Dorfman talks about “inside” information. Why would insiders buy their own stock? Is it really an indication that the stock will move higher?
Hang on. What do really wealthy people hate doing?
They hate paying taxes.
Of course it’s unlikely a guy like Michael Dell is going to sink ten million into something that will generate a lot of taxable income – like buying/selling stock.
Would he put it into CDs? Have you seen what the rates are?
Not to mention that’s taxable, so that’s out.
And there’s no chance that some insurance guy is going to sell him one of those principal protected annuities.
What about tax-free bonds? Maybe, but if interest rates move up, he’s sunk.
Real estate? No chance.
Insider buying is not the best or most accurate predictor. And as our listeners know, we hate predicting.
Here at Mullooly Asset Management, we’d rather stick with Point and Figure.
PnF tells us precisely what’s happening now – not what might work, could work, or should work in the future.
We won’t predict. Want to know what’s working right now?
Give us a call at the office.
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