Take heart! You aren't stupid, just in the wrong place. I, also, am not a swarthy Captain of the market, wading through 1,000's of shares @ at chop when my mood ring changes color, or my stock pager gleeps at me. I don't know much, but you seem to suffer from at least three diagnosable and treatable maladies:
1) Lacko'diversificationitis. Characterised by love-pangs for one stock or industry group. Spread it out, my boy!
2) Dunnofundamentalism. Study. Learn. Become informed. I suggest Motley Fool online, and reading at least these books:
Learn to Earn, Peter Lynch
How to read a Financial Report, John Tracey
No-Load Stocks, Charles Carlson
3) Iwannakillingnow Syndrome. Remember what Ma told you : If it sounds too good...
Each piece of advise you get on-line (including mine) is worth exactly what you paid for it. As some bogus beer commercial says, "Be your own dog!". Read everything with a skeptical bent. You'll find a lot of people (including here on SI) have great info, but some are just noise, and others are actively trying to get you to do their bidding by working your overwrought emotions, so that they can work their own scam. Don't fall for it. Develop a strategy, stick to it. If the STRATEGY (not the individual stocks) fails you, then make modifications. Ask where you went wrong. Usually we know where we screw up, but it's tuff to admit it. Adjust.
My advice: Study some DRiPs, buy some you like, and watch your money slowly grow. Not very exiting, but it's cheaper than 'averaging down' into the dirt on losers like Imp.
Good luck,
Another Gnu-bee, not a goo-roo. |
