Quote:
Originally Posted by Baraka_Guru
I thought I'd throw this out there.
Analyst Dan Reingold (author of Confessions of a Wall Street Analyst) says trying to be an outsider stock investor is like “being a drug-free athlete whose competitors are all juiced up on steroids.” This is what he concludes on the issue of buying stocks:
Individuals should not be buying individual stocks. I know this is a radical statement, especially coming from a guy who researched individual stocks for a living. But there are simply too many insiders with too many unfair advantages.
-Confessions of a Wall Street Analyst, p 313.
I've read many other things that would convince me to invest in other ways rather than directly in stocks. I've ready many contrarian points of view by authors who have very successful professional careers making sure people don't lose their money... ever. It's called " knowing you will retire comfortably."
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Interesting, thanks.
I generally don't like stocks. They fluctuate too much and I don't understand the mechanics of how and why they rise and fall well enough to invest heavily in them.
I am not of the right mindset to really invest heavily in individual stocks. I do thoroughly enjoy reading about business, the economy, and related topics, but investing heavily, and primarily, in stocks seems risky to me.
I've played fantasy stock market games in the past, and am actually a part of one now; where I am doing quite terribly. I am very impatient and it seems to me that investing heavily in, and following stocks, would lead to quite a bit of stress and concern. I definitely feel my money is better served elsewhere, but I could foresee putting a reasonable amount of money aside to "play" with, but that's about it.
Thanks for the great replies and information. I'm of the mindset that investing is almost always a good idea, but I've also concluded that individual stocks aren't the means by which I will find financial contentment in life.