I got back into the market a few months ago.

I had been out for about a year. The reason I left was because I didn’t think I was making any money and the accounting fees at the end of the year were kind of high. I get ticked off easily and tend to over react. When I saw the accounting bill, I pulled my money from the market. It was a lousy year anyway.

So now I’m back. I figured that I need to do something with my monthly disposable income and investing in the stock market seems to be the way to go. I really wasn’t getting anywhere with these depressing savings account interest rates and CD rates aren’t much better.

Now listen, I’m not a dumb guy. I really pride myself on my intelligence (or perceived intelligence). It’s just that when I get into something, I get excited. I do go overboard at times. I know I’m not alone in this because I can imagine every other male in America out there sitting at their computer doing the same thing I do. How many times have you run down to your wife with the great news that you may have just stumbled onto something magnificent? It’s too easy to spout this stuff out to friendly audiences. The fact is that they aren’t doing us any favors when they turn and say, “Oh really? That’s great.”

Someone needs to stop us. Someone needs to tell us not to buy high and sell low. It’s way too easy to fall into that trap. We aren’t the day traders we think we are. Paying ten bucks a trade at TD Ameritrade isn’t going to get us where we need to be. As much as we want to believe, we aren’t them.

So, what’s a guy like you and me to do? First, we need to relax. We need to get our money as far away from those fee hungry mutual funds as fast as we can. I have been selling as soon as they meet or exceed the purchase price. At a 1.5% management fee, it’s not doing me any good to let the money sit. We also need to get our money out of individual stocks. I was never actually interested in them because of the risk. One of my favorite lines is, “What if the CEO of that company gets hit by a bus tomorrow?” I really don’t want to check their stock price after that. I don’t have the stomach for it.

Knowing these two things, I went on a hunt for something that would sort of put my investments on auto-pilot. Something that would tell me what to do and that wouldn’t siphon my hard earned dollars right out of my account. Something that would force me to take my finger off the trigger and get me the heck out of online “trading.”

Enter Mitch Tuchman and MarketRiders. First off, I would like to say thank you to Mitch. I have been using MarketRiders for just over a month now and it works. It really works. The beauty of the whole thing is its simplicity. It relaxes guys like me who, over a month ago, owned stake in way too many mutual funds and payed way too much in fees.

I had this little love affair with high yield bond mutual funds. I would scour the internet for mutual funds that pay high dividends. I’m not sure why. I think I liked the idea of a income that I didn’t really have to work for. The only problem is that I never sold any shares and never withdrew any money from my account. I was paying taxes on all those dividends and then just reinvesting them into the mutual fund again. Not smart. I mean, if I didn’t have an income, that would work, but not that this point in my life.

So, what does MarketRiders do beside offering over active traders such as myself a sedative? Okay, I’m not going to reinvent the wheel here and try to write up some catchy description. I’ll let you read their “Why MarketRiders” page yourself. It’s very comforting.

Let me tell you what I like about these guys:

- They aren’t pushy. They put the info out there and are like, “Hey, here it is. Here’s out pitch and you can take it or leave it.” You can read what they have to say and then go do your homework somewhere else. Chances are, you’ll be back.

- They are fairly inexpensive. For a tad over $9 a month, you can save yourself a heck of a lot in commissions. Brokers love to charge all sorts of ching ching for the same advice. Sometimes it’s not good advice at all. I can imagine it sort of feels like running on a hamster wheel.

- I like ETFs. Funds that are managed by a computer make more sense to me than funds managed by a person. I have never liked the human element. It’s emotional and greedy. It’s imperfect and has an ego. I don’t like it.

- You still feel like you are in charge of your money. You basically do what the system tells you to do, but you are always in charge. Since you are using an online discount broker, you have power and never have to pick up the phone with a feeling that you are bothering someone.

I am sure there are a zillion other reasons why I like this system, but we can get to that through comments on this post. I’ll respond, I swear. The one thing I want to mention is the satisfying feeling of watching the ebb and the flow of the market. I find great interest in the dynamic between the value of bonds, stocks, commodities, international, domestic and so forth. When one goes up, the other goes down (most of the time). It sure beats following the erratic nature of individual stocks and just keeping your fingers crossed.

Feeling? Questions? I am ready and willing to help out.

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