Anyone Can Be An Economist

Have you ever though that you would like to be an economist?  If so then this TD Ameritrade piece is just for you.  (Full Disclosure: TD Ameritrade is the custodian that DWCM uses for most of our clients)

The article dives into the detective work that you can do on your own to come up with your own take on the economy.  All it takes is a look around and the desire to ask allot of questions and to connect the dots to formulate an interesting plot.

Peter Lynch, famed manager of the Magellan Fund was the first person that came to mind when I read this article.  Lynch keenly was always aware of his surroundings weather he was in a mall, grocery store, or restarunt.  This led him to several successful investing strategies just by looking, listening, and asking a few questions.

According to the TD Ameritrade article, "amateur economists can potentially read deeper into the behavior of those around them. After all, most of us are privy to snapshots of consumer actions dozens of times each day, observations that are accelerated, perhaps accurately, maybe distorted, through social media and Web videos."