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Originally Posted by yellowmac
About a year ago I got really interested in stocks, mostly because it was really appealing to me that I could make money by essentially sitting on my butt. So I tried to research what stocks were winning picks, and started a modest portfolio. I've come to the conclusion that for me it just isn't worth my time and energy doing the research and dealing with the anxiety of whether or not my picks are winners. I'd rather just set my investments on autopilot and invest in a low-cost boring ol' index fund that just tracks the overall stock market. It won't get sexy results, but I'm fine with that for long-term performance and peace of mind.
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I got into the market about the same time you did, and pretty much have only invested in Apple and RIMM so far. I certainly understand your comments about the anxiety, but then I try to just remember you haven't made or lost any money until you sell. I have a large number of stocks that I track while I get self-educated about how the market reacts (and overreacts) to every little tid bit of information released. With the market tanking like it has so far in 2008, there may be some very good opportunities right now to jump in and make some profits, but like someone alluded to earlier....its just gambling.