Happy New Year!

Tonight we say goodbye to 2009 and hello to 2010. Time to close out another year and look forward to the new year ahead. For most investors, this year has ended on a high note, as the stock markets have recovered nicely from the market lows in March. Most people could have never expected such a good recovery from the disappointment of the markets in 2008 and early 2009. One again, the market shows that no one can predict exactly what the market will do. There are just too many variables. Sure some smart folks seem to put together a formula for success that works for a while, but inevitably, it falls apart. To be sure, if there was one sound and perfect investment strategy that worked all the time and for all people, then don't you think we all would be doing it? And who ever wrote that book would be a multi-millionaire! But then again, that is what makes investing challenging and rewarding. Accepting that there is no one right strategy. Every person has to develop a plan for him or herself and constantly monitor it and make changes when necessary. Everyone has a stock they wish they would have bought, or a stock or fund they wish they would have sold way before they did. Forget it and move on! Don't let your emotions get in your way and spoil the virtues of investing in the stock markets. Know your limitations and don't be afraid to ask for help when you need it. Let's finish the year on a high note and look forward to the bull continuing to lead the way in 2010.