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getrichdietrying (79.34)

Why do you make money.

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February 02, 2013 – Comments (1) | RELATED TICKERS: BBRY , AAPL , GOOG

Most of us don't make money investing on our own. Why?  It is because we are too emotional.  I have lost 400 bucks on a 2k investment in RIMM in just two days because I believed RIMM will bite into marketshare of the GIANTS which is awsome even at 1%.. My fault as an investor is I acted on my emotion at the moment. I bought at the all 52wk hign.  Lost 20% and now have to be smarter.  Which as mathametical equations, being human and not a computer, is never going to happen.  I GOT RIMMED.

Investing in RIMM is great when the new CEO got the investors iterested by a 100%, it is a good buy.  Like YAHOO the CEO has 6 months to a year to turn the company around, beyond that it is a loosing enterprise.  That is what AWSOME CEO is IS.

ALL OF US invest to make our money work for us and not the other way around.  Still, 99% of us NEED a QUICK buck on the investment.  This is inhereintely the loss we reaize in months while the"high net worth" will always have something subtential, versus us, to fall bacj on to take "BREATH"
in the losses. 

Only way we can all makew money is by learning from our mistakes.  HAVE YOU LEARNED?

1 Comments – Post Your Own

#1) On February 02, 2013 at 11:00 AM, Teacherman1 (48.55) wrote:

My basic investing philosophy, going way back to my days of buying gold coins and real estate, more than stocks, has always been:

"You make your money when you buy", the selling will take care of itself.

It requires that you be a "net buyer" when things don't look real positive, for either the economy or a particular company, and have the patience not to get caught up in the "market swings".

It also requires that you not try to "make a quick buck", though sometimes you get lucky.

I "always nibble", and seldom add to my position unless there is a dip, which some refer to as "anchoring", but I am willing to add at a higher price from time to time, if events warrant.

I also believe in taking profits from time to time if I feel it is likely that the price will come "back down to my desired longer term hold price".

I try to recognize when I make a mistake, and be willing to cut my losses as early as possible; not on market swings, but when something happens within the company itself.

I always focus on the company, and not on the shares.

I don't know if any of this is of interest to you or not, but thought I would put it out for what it is worth.

I will likely post a blog over the weekend while I have some free time, and talk about where I think the market is going, why it is where it is now, what I did in anticipation of the "fiscal cliff", what I am doing in anticipation of the "debt cliff", and some general thoughts to hopefully stimulate useful responses.

Forgive my "taking a ride" on your blog, but it got me to thinking about all of the "relatively new investors" joining up here at MF, (don't know anything about your experience or investment level, so this was not directed particularly to you).

Good luck with you investments, and hope you make at least enough to keep it interesting, and maybe to meet your longer term goals.

JMO and worth exactly what I am charging for it.

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