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The 10% Lie and Why I Trade
Margie is an idiot.
This colleague of mine recently asked me something that I recognized as insanity. She asked, “why would I buy now if stocks are going down? Why wouldn’t I buy when they’re going up?”
Because you’re an idiot, Margie.
People see green, they buy. Apparently, of little consequence is the fact that by then the stocks have already gone up and you’ve bought when it looks “safe”.
If it sounds as though I am exasperated, it’s probably because I am. I am tired of reading about incessant bailouts, I’m sick of watching “experts” on CNBC…
5Dec2008 | Oakshire Financial | Comments Off | ContinuedThe Young and Investless
A quick clarification of some common advice:
“You’re young, you can afford more risk.â€
This statement has been uttered countless times by investment experts and, at heart, it’s very true. However, “more risk†does not imply that every new investor should consider throwing every bit of his or her money into a small Nicaraguan telecom company.
Instead, the intent of the phrase is such that risk implies fluctuation, and young investors simply have more time to ride the ups and downs of their investments, possibly absorb a few poor investments, and reallocate their portfolios if necessary.
Deceptive journalism breeds
…
29Aug2008 | Oakshire Financial | Comments Off | Continued
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