SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Bid.com International (BIDS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CBurnett who wrote (11533)3/14/1999 2:38:00 PM
From: Boolish  Read Replies (1) of 37507
 
I too have never been one to listen to analysts. Although they can effect the price of the stock they have never changed my opinion of the company. Here are a few interesting points from the book, "The Millionaire Next Door." This book talks about the buying habits and investment strategies of millionaires.

"Nearly all (95 percent) of millionaires we surveyed owned stocks; most have 20 percent of their wealth in publicly traded companies. Yet you would be wrong to assume these millionares actively trade their stocks.
In fact 42 percent of millionaires we interviewed for our latest survey had made no trades whatsoever in their stock portfolios in the year prior to the interview. Often active investors spend more time trading than studying and planning their investments. Conversely, millionaires spend more time studying far fewer offerings.
We have also been interested in studying the wealth accumulation habits of stock brokers. Compared with the members of other industries, stock brokers earn high incomes. They pay less for commissions and have access to large amounts of research data. Are all brokers wealthy? Perhaps one individual stock broker stated it best when he told us:

I'd be rich if I would just keep....[my stocks, but I]
can't help but make trades in my own portfolio. I'm
looking at the screen every day."

My point is that analysts often times have their own objectives to fulfill. They are trying to generate commissions....or perhaps buy into a stock at a lower price. This company has met all of the goals it has told the owners (you and I) it would meet. By worrying about the nickels, dimes, and quarters we are only enabling others to get in at lower prices....and increasing the revenue of our brokers. Let Nasdaq come and the rest will fall into place.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News