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mikecart1 (98.96)

I'm Tired Of All The Advice I See/Hear/Read About!

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May 27, 2009 – Comments (4)

As my first post in this blog, allow me to introduce myself.  I'm a nuclear engineer and MBA student.  Don't get fooled by either.  I don't create bombs and I know next to nothing about investment banking.  But I can learn and that is key.

Anyways, I'm tired of all the BS I see.  BS is anything whether good or bad or results in advice that turns out to be good or bad.  I'm tired of seeing Mad Money with Jim Cramer and having him recommend the same stocks over and over and seeing them underperform all year long.  I'm tired of watching CNBC and see what the 'experts' think people should be picking.  I'm tired of seeing these stupid commercials about how I need to hire someone to use my money to invest in.  I'm tired of coming in here and reading that I shouldn't even be investing in mutual funds but in the advice that is charged highly on this site Motley Fool.

I'm tired of listening to experts in the streets of what company's stock is good to get.  I'm tired of seeing Buffet be portrayed as some genius.  I'm tired of getting approached in the mail of by phone of new investing opportunities.  I'm tired of how Biggy was right all along and 'mo' money mo' problems' is a fact of life.

Basically this is my view point having put serious cash on the line in relation to my overall total worth (% not $ - not bragging not poor not rich):  YOU should control YOUR OWN MONEY.  And here I will quickly explain why. 

1) Whether you lose the money or gain the money as I have experienced both, you have no one to blame but yourself, bad luck, or just not the right calls.  You let someone else lose your money (which I have before), you are not only mad at your loss, but you are mad at the person, and you really start going crazy.

2) If you lose money you become a smarter investor, you make better decisions whether more conservative or less.

3) You will learn a lot more and come out farther ahead than any expert will simply because you are not: paying a service fee, not in the dark on investments, not have the ability to control precisely when and how you want to get out of an investment.

Basically with my experience, I have beat not only the 'experts' on here by double digit % points but have made significant double digit % over my original investments in my OWN stocks picked at my OWN times.

Would you give your money to someone else to buy your house? Your car? Your clothes? Read up, take your time, know what your investments are, listen to all the advice you hear, and in the end MAKE YOUR OWN DECISIONS based off all that. 

 

That is all! :D

4 Comments – Post Your Own

#1) On May 27, 2009 at 4:36 PM, motleyanimal (55.72) wrote:

You should at least be aware of the advice being given from Cramer and CNBC. So I watch it, with Fast Money being the best offering of the group. I also look at a variety of charts each day, even though I rarely use them. Why? Because I know that many investors do use these charts and follow the recommendations of Cramer and it is important to know what the other guy is thinking.

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#2) On May 27, 2009 at 4:38 PM, alstry (36.49) wrote:

You should become familiar with Alstrynomics....my suggestion is to go back into the archives and look at what was being written a long long time ago and judge it against what is happening today......

It is always fun to look at projections with the benefit of hindsight.

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#3) On May 27, 2009 at 5:09 PM, ozzfan1317 (78.68) wrote:

I agree thats why I do most of my research myself and manage my own portfolio.

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#4) On May 27, 2009 at 5:48 PM, chk999 (99.97) wrote:

Nice first blog, welcome to the CAPS blogging team.

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