Later this summer I’m fulfilling a longtime dream of taking a vacation to Yellowstone National Park and Grand Teton National Park. I love traveling, and even planning to travel, so I made sure to book the reservations early to avoid the costly increases in flights, hotels and rental cars that come with warmer weather.
I diligently searched for flights that would get my boyfriend and me to Wyoming at the optimal time to get settled and avoid rushing too much in the morning. It is a vacation after all. I spent hours staring at the computer, calculating which flight would allow us to pick up supplies and do some sight-seeing on the way to our cabin in Yellowstone.
I thought planning ahead was a good idea and, in some ways, it was. Our itinerary has been settled for months; we’re going to stay exactly where we wanted and go when the weather will be pleasant and the crowds slightly smaller.
Unfortunately, the airlines had other plans in mind. This early booking has proved more than troublesome. I think I’ve even started sprouting some gray hairs.
Your Flight Has Been Canceled
Every few weeks for the last couple of months I have gotten a call or an email from Delta informing me that our flights have changed.
The first change was an added stop on the way to Wyoming, which put us way behind the schedule I had spent weeks making. This change, by the way, came in the form of an email with the subject: Your Flight Has Been Canceled. Very comforting. Luckily, the situation was straightened out by my boyfriend, who has less of a tendency to panic than I do.
Then there was a major change in the return flight, which forced us to re-arrange the last night of our accommodations. We were able to find a suitable hotel, but because our trip is just a couple of months away (as opposed to nine months away, as it was when I started booking everything), it took a lot of work.
Now it’s mostly little changes, sometimes in the flight number, sometimes in the times of the flights and sometimes in the cities we will now have to travel through. All of these little changes come to me in the form of endless phone calls and emails. Every time I see the airline’s 800 number flash on my cell phone my heart starts to pound, my palms sweat and I get a sick feeling in my stomach, as I anticipate what nasty surprise Delta has in store.
Suddenly a cross-country road or train trip doesn’t look so bad.
So far Delta has avoided charging for checked luggage, but who knows how long it will be until the company follows many in the industry in doing that.
I’m sure this new measure will do wonders for the airport security line. I can picture it now, even more people fumbling to find their clear plastic bag filled with tiny bottles of liquid, hoisting too-large suitcases into the overhead compartment and struggling to haul their load of bags away from the checkpoint after having to practically disrobe in the line.
Vacations are supposed to be fun, right?
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Whenever we do an FAQ issue of Cabot Wealth Advisory we get a lot of positive feedback from our readers-and a slew of new questions. I’m going to answer a few of them today.
Question: How do I get started as a new investor?
Answer: The best thing to do is educate yourself about investing and find a system that works for you. The more informed you are as an investor, the better off you’ll be. Reading investing books is a great way to learn more and we have recommendations for many helpful books on our Web site, http://www.cabot.net. Cabot’s Web site has many additional educational features that can introduce you to the investing world. These features can help you decide which investing system is right for you. This is something we stress a lot-finding a system and sticking to it is the key to success.
Q: How do I know which exchange a stock is traded on?
A: In the United States, modern letter-only ticker symbols were developed by Standard and Poor’s to bring a national standard to investing. One- or two-letter symbols trade on the New York Stock Exchange; three-letter symbols may trade on either the NYSE or AMEX; four- and five-letter symbols trade on the Nasdaq, although five-letter ticker symbols are usually a special class of stock. In July 2007, the Securities and Exchange Commission approved a plan to allow companies moving from the NYSE to the Nasdaq to retain their three letter symbols. The change does not apply to companies that have symbols with one or two letters. You can find out the exchange for any stock by going to Yahoo! Finance and entering the name or symbol of the stock. The page that comes up will give you the exchange.
Q: Can you provide information about Indian stocks that trade on Indian exchanges?
A: Cabot recently published a Special Issue of Cabot China & Emerging Markets that applied our time-tested growth stock picking system to the Indian market. The stocks featured in the Special Issue trade on the Bombay and National Stock Exchanges and are only available to investors that can buy and sell on the Indian stock exchanges. The stocks chosen for the Special Issue were up more than 25% in the first week. More information about the report can be found here, https://secure.netatlantic.com/cabotchina/indian.html
I’m always happy to hear from subscribers via email or the Cabot Forum, http://www.cabot.net/forum. So send me your questions, comments and suggestions.
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In case you didn’t get a chance to read all the issues of Cabot Wealth Advisory this week and want to catch up on any investing and stock tips you might have missed, we have links below to each issue.
Cabot Wealth Advisory 6/23/08 – A Great Wind Power Stock
In Monday’s issue of Cabot Wealth Advisory, Timothy Lutts about the most dangerous way to sell short, by picking a hot little stock that’s “way overvalued” and bet that it will come down. Such a case in recent weeks has been American Superconductor, a company that recently found new life by entering the market for wind energy. For the past five months, AMSC’s chart, in climbing from 16 to 45, has rewarded investors who were long on the stock, and it has punished short-sellers, despite the broad market being unsupportive. Stock featured in this issue: American Superconductor (NSDQ: AMSC) Click the link below to read the full issue.
Cabot Wealth Advisory 6/26/08 – Taking Advantage of the System
In Thursday’s issue of Cabot Wealth Advisory, Timothy Lutts wrote about how prohibition led to the system of alcohol transport that persists today, a system dominated by distributors and the states. This makes it difficult for small vineyards to ship wine around the country. Tim’s advice was to put money into one of the distributors-Central European Distribution. Stocks featured in this issue: Central European Distribution (CEDC). Click the link below to read the full issue.
Cabot Wealth Advisory 6/27/08 – Back in the Saddle
In Friday’s issue of Cabot Wealth Advisory, Michael Cintolo wrote about the highlights of his recent wedding, and a great book he read while on his honeymoon. Mike also re-capped the recent market gyrations, urging investors to not lose confidence in troubled times. He also draws an interesting comparison between the current market and that of early 2003. Click the link below to read the full issue.
Editor’s Note: Cabot not only has the #3 newsletter in the country, but also the #1 newsletter-Cabot China and Emerging Markets Report, up 108.7% for the year ended May 31, according to Hulbert Financial Digest. Its focus is on stocks in the BRIC (Brazil, Russia, India and China) counties that have explosive profit potential. Click the link below to learn more.
Until Next Time,
Editor of Cabot Wealth Advisory