John,
The money you spend on BB stocks is in lieu of movie tickets or Jim Beam rather than Jack Daniels, but it is never money you cannot afford to lose. If you want to make the same excellent return as the S&P 500, that is, about 30% last year, buy Vanguard S&P500 mutual fund. You won't need to waste your time hunched over a keyboard, and you'll be able to sleep well at night if your present investments make you reckless. However, you will not have the soap opera flavor of this and similar boards, nor will you have to wade through tedious questions like: How many shares outstanding?
What is the float?
when will earnings be out? and that most classic of all: What is this stock going to do?
You have unfortunately fallen, as have I, into the sheep mode, and where there are sheep, there are sheepshearers. Bernard Baruch, when asked the secret of his success on Wall Street, replied, "I always sold too soon." The name of the game: Avoid the shears. |
