Mark Sutcliffe September 15, 2015 Starting Out There is no good way to pick stocks. There’s a lot of financial reporting that perpetuates the myth that you should be playing the market. This article is one extreme example. The author, Peter Hodson, says he provides “conflict-free advice to investors.” Apparently that includes encouraging readers to take big risks. “If you don’t take a stock hit once in a while,” he writes, “you’re probably playing things too conservatively, and getting weaker investment returns as a result.” In other words, if you don’t lose big from time to time, you should take more risks. Hodson goes on to write, “Investors can’t be afraid to make mistakes. They will happen. The key is to learn from them, or, at the very least, try not to make the same mistake again.” He lists a series of lessons he’s learned from his mistakes (including taking a tip from a dead person). Which conveniently skips over the real lesson: you shouldn’t be picking stocks in the first place. Ignore any “advice” like this that encourages you to be a cowboy with your life savings. Turn away from any guidance on the right and wrong ways to pick stocks. There is no right way. Don’t take stock tips from anyone, dead or alive. Share: Facebook Twitter LinkedIn Email CIRO Advisor Report
Personal Wealth Mark Sutcliffe Beat the market? Most mutual funds don’t even meet the market Apr 26, 2017 Personal Wealth