There are 2 ways you can look at investment
1. Big picture perspective: This is where you look at the macro-economic setting, the state of global capital markets and develop a micro-economic framework that reconciles with your global perspective. This is otherwise referred to as a top-down analysis.
2. Specific investment focus: This is where you reflect more on the merits of a range of particular investments, and allocate your funds accordingly. This is referred to as a bottoms-up approach to stock picking.
3. Holistic or synchronised perspective: The best approach is to consider both, or to integrate both approaches.
Prior to 2002 I really did not have the understanding of global financial markets to understand how all the elements of the market came together. I think it took me about 4 years of reading material to really develop an understanding of the macro-economics that drive markets. In recent years its become apparent to me that so many financial journalists, even economists just dont have a clue.
I would suggest that you really need to know the commercial parameters that drive corporate decision making, and well as the factors that drive markets. It might take you a while, but managing your investments by the age of 40yo is likely to become just as important as managing your career, and managing it well could make the world of difference.
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Andrew Sheldon www.sheldonthinks.com
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Mining Stock Fundamentals - Buy this report!
You probably noticed that gold, oil and food commodities are taking off right now! You might also be pondering why gold specs have so far failed to perform, and where you should place your hard-earned cash given that we are just about to enter a protracted period of ruinous inflation. Just as we experienced in the 1970s, we are in for a sustained bull market in gold stocks. There are no better markets to buy gold stocks than Australia and Canada. American investors too can easily get a piece of the action – both in their own country, in Canada and Australia. Who wants to be holding USD now!
I have been investing in spec mining stocks for over 25 years, and now I reveal all the pertinent factors you need to consider when buying stocks, particularly gold stocks. The spec market has been sold off of late as risk-weighted liquidity was withdrawn from the market. Get ready because those funds are coming back, and with so few gold producers in the market, you must be thinking - That’s a recipe for excitement in the gold market! You can apply this information to your existing stock portfolio or any new stocks you consider in future. It wont just make you money, it will save you a great deal as well. 
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