Quote:
Originally Posted by MindBomber
I know, I don't post in this thread.
I don't have enough experience to build much on what Strykn, Jason and Mark post. I have been investing relatively casually with smallish amounts for five years, since I was nineteen. I religiously read this thread though, because there is some great advice given out in it, and honestly, your posts have stood out a bit, Ice.
I agree with Sky_High, I think your current approach of making impulse purchases based on what other people in this thread are buying will not result in long term success. It is almost certainly not an approach that will make you rich, as you stated was your goal a few pages back. My panties aren't in a bunch, you could light cigars with hundred dollar bills for all I care, it's your money. It's just a bit of constructive criticism from someone with possibly slightly more, although admittedly also limited experience.
How many stocks are you currently holding?
The importance of diversification is often lost on new investors, holding only one or two stocks magnifies overall risk exponentially, something to consider.
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its not just that, its that the posts are in too much volume and say nothing, other than 'i just bought what so and so said he bought' - great, we all buy what we want and all suggest stocks we like/looking at - if you are just going to buy other ppl's recommendations, do it without posting, unless you have some valid input based on dd.... which, as others have pointed out, appears to be a missing link