Some Thoughts on the Game of Investing
Making money in stocks is not rocket science. It requires a little knowledge, a little courage, the right tools, plus a healthy dose of skepticism.
First, as far as knowledge goes, every investment you make teaches you about the rules of the game. And the more often you invest, the more you're likely to read and absorb.
Second, your success as an investor will be directly proportional to your courage - most importantly, the courage to make your own decisions rather than listening to all those know-nothing gurus out there.
Third, are the tools, particularly the Internet, which has empowered all of us by placing a plethora of investment tools at our disposal.
Finally, skepticism is an absolute requirement, which allows you to filter recommendations through your own analysis and homework. As you watch those "experts" on CNBC, do you often get a nauseous feeling while listening to them talk about 15 percent annual returns on individual stocks?
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First, as far as knowledge goes, every investment you make teaches you about the rules of the game. And the more often you invest, the more you're likely to read and absorb.
Second, your success as an investor will be directly proportional to your courage - most importantly, the courage to make your own decisions rather than listening to all those know-nothing gurus out there.
Third, are the tools, particularly the Internet, which has empowered all of us by placing a plethora of investment tools at our disposal.
Finally, skepticism is an absolute requirement, which allows you to filter recommendations through your own analysis and homework. As you watch those "experts" on CNBC, do you often get a nauseous feeling while listening to them talk about 15 percent annual returns on individual stocks?
* * * * *
posted by Bob Moser at
4:09 PM
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