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October 2007



Why I'm an Investor and not a Trader

October 15, 2007 – Comments (0)

I looked at my more recent picks and, to my amazement, have been wrong 75% of the time in my 60 most recent active picks.  This is all the more amazing when you consider that I'm an "All Star" with an 82 rating and 52+% accuracy rating (as of today, anyway).  So what that means is that I'm much better at picking long-term success than I am at picking short-term success.  That's why I'm not a trader.  Investing for the long term is much easier, in my opinion, than trying to "time the market" or investing on technicals.  I find, in fact, that those who rely on technical indicators often will buy when I find a stock overvalued and sell when I find a stock undervalued.  And in the short term, they are often right.  But that "weighing machine" kicks in during the longer term and patience pays off.  [more]

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