My sights are not 'low', they are 5 times the return of a typical bank account.
What I mean is, ME personally, I lost sight of the fact I am trying to grow money and at the same time not lose it. When I go looking for something I think I can make a killing on, that means taking above average risk, and that is where I get killed: by purely speculating.
I bought a whole bunch of GE at 22, and I sold it at 31, because I wasn't expecting it to go to 75 overnight, not sure about 50, or even 40, I wanted 30, and I got it.
I'm totally content to make 15% - maybe 20% - with minimal risk, as opposed to swinging for 100% and possibly losing.
Over the last year, it's hard not to be up 50%, but those that are expecting to be up 100%+, generally aren't.
I guess I just don't have enough insider information to me comfortable as a speculator.
But this is just me, not everyone is like me, LOL |
