When is the last time that you took a good look at your retirement plan? It doesn't matter if you have an individual retirement account, a 401k, or are an individual investor; your retirement plan should be making you money. If you aren't making money investing in your company's plan then you are doing something wrong.
One of the keys to being a successful investor is the ability to acknowledge when you have made a mistake. You have to be willing to sell your losing investors. Being a stubborn investor is a losing proposition for anyone. I have seen too many investors lose their hard earned money because they were too stubborn to sell a loser in their portfolio.
Change your philosophy and pick some winners. Where do you find winning stocks?
Many market pundits will tell you that you can't beat Wall Street. They will claim that Wall Street analysts have access to information that you just can't get when stock investing. Although this is a popular claim, I believe that it is dead wrong. You can beat Wall Street and men like Peter Lynch have proven it.
Wall Street is not infallible.
Great stock investors believe that even Wall Street experts and analysts sometimes get it wrong which is why the market creates opportunities for investment. Look at all of the stocks that Wall Street has been wrong on in recent years. They championed the cases of companies like Lehman Brothers, Enron, and Freddie Mac. Wall Street analysts failed to warn their clients about the dangers of investing in these high risk companies that only had paper profits.
If you had followed the wisdom of Wall Street over the past few years then you would have lost a ton of money during the market crash. The lesson to learn is to do your own homework when investing and trust your opinion more than the experts.
Don't you do the same thing! Be willing to part with your losers. Take the money that you save by selling and invest it in a stock that has the potential to be a long term winner.
Stock Investing Like Warren Buffett
Saturday, February 5, 2011
Friday, February 4, 2011
Stock Investing 101
No matter what new project you get started in it takes time understanding how things work. It's nice if you know someone who is familiar with the process to help you understand it as you come across new areas. Anyone brand new to stock investing should take it slow and not take any big risks. Knowing whether to start with stocks, or bonds, and how much money you need to start out with has kept you from jumping in so far.
Well with this website you can get newsletters with up to date information on what is going on in the world of investments. They offer tips on finding the best return on your money, how to manage and repair your credit history, tips to help you save money, and the best ways to build your future wealth. They also offer a great book for those that are just starting out investing called "Your Financial Playbook".
Who is Mark Riddix? Mark is the man behind a website designed to teach people how to invest in the stock market. He is also the owner of a an independent investment advisory firm that provides personalized consulting services in investment and asset management. Mark has a degree in finance and has five years of experience in investment management. He has written investment articles for a number of large publications. It is his desire that anyone who wishes to can learn how to invest will learn to do so for a more stable financial future. To this end, he is posting blogs with valuable information on building wealth. Although a hard worker and savvy businessman, Mark is also a regular guy. He offers a rare glimpse into is personal life, explaining his love of family and listing favorite movies and TV shows. The point here, is that anyone can achieve success when given the proper tools to do so.
Well with this website you can get newsletters with up to date information on what is going on in the world of investments. They offer tips on finding the best return on your money, how to manage and repair your credit history, tips to help you save money, and the best ways to build your future wealth. They also offer a great book for those that are just starting out investing called "Your Financial Playbook".
Who is Mark Riddix? Mark is the man behind a website designed to teach people how to invest in the stock market. He is also the owner of a an independent investment advisory firm that provides personalized consulting services in investment and asset management. Mark has a degree in finance and has five years of experience in investment management. He has written investment articles for a number of large publications. It is his desire that anyone who wishes to can learn how to invest will learn to do so for a more stable financial future. To this end, he is posting blogs with valuable information on building wealth. Although a hard worker and savvy businessman, Mark is also a regular guy. He offers a rare glimpse into is personal life, explaining his love of family and listing favorite movies and TV shows. The point here, is that anyone can achieve success when given the proper tools to do so.
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