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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: dan1944 who wrote (7246)	8/1/2024 4:50:32 PM
From: SeeksQuality	3 Recommendations Recommended By dan1944 suncoaster Tam3262 Respond to of 22054

Thinking you are smart is dangerous when investing, as it can lead you to get too cute. The market will then quickly put you in your place. So I'm happily not all that smart. Similarly, being stubborn can be a very positive trait in investing. There is ALWAYS both a bull case and a bear case to be made, and you need to be sufficiently stubborn to insist that you don't care what anybody else thinks, that you are making the right choice for your portfolio. Plenty of occasions that I've taken losses from not being sufficiently stubborn. Put the two together and I try to make sensible decisions. As with my healthcare trades today, just spreading the money across companies that I have confidence in, and overweighting those that appear to be the best current values. It isn't always the one that I think is best that performs, but as long as it is one of my top three positions in the sector then I enjoy similarly strong gains. Then be stubborn enough to ignore the nagging doubts. That's roughly where I am with HSY right now. I've got some nagging doubts, perhaps, but am not going to go too badly astray as long as I stick with the program. If I ever get clarity one way or the other, then I will adjust accordingly. Hope your moves work out for you!