Addi:
I really appreciate your long response. What you are saying is that you get irritated by analysts and that is what makes you react.
It would do well for all of us to keep in mind that in the world of investing, there are always detractors who, intentionally or otherwise, try to scare, confuse and exasperate you. This need not be an analyst or a journalist, it could be just about anybody -- our co-workers, our relatives and even one's own spouse!
As long as you have done your homework, you should be able to ignore (in the case of analysts etc.) or counter (in the case of the spouse!) their arguments. Now, you might say that it is OK if one merely gets irritated but does not act at the analysts' behest. But believe me, as long as you keep track of what the analyst is saying, there is always the danger of falling for his "advice" at exactly the wrong moment. One might end up selling at (what turns out to be) the absolute bottom, for instance.
Long-term investors gain nothing but heartache by following day-to-day events. My long-term portfolio has stocks whose prices I don't even check, sometimes for weeks on end -- quite a feat these days when the internet is seldom more than a few feet away! If I do follow LSI on a regular basis, it is because I do not really view it as a long-term investment. I am speaking for myself here, of course.
Hope I made some sense here. Good Luck with your investing.
Regards,
Dipy. |
