Investments, IRAs, 401(K)s, and Stocks

Started by Mindship4 pages
Mindship Snap out of it.

Originally posted by Digi
That would require watching TV. By the time they're talking about it, it's old news. I'm looking for the stocks that they'll be talking about next week. I actually have a couple writers I like to follow. At this stage, I'm not trying to pick blue chip stocks that make me 3-5% a year and protect my wealth. I'm trying to hit home run balls with microcap stocks that could double (or more) within months. If they're discussing it on TV, it's either too well known, or it's already made a major move and it's no longer worth getting into.
Mostly true. They also like to "predict" what stocks are the ones to buy. Personally, from watching these shows for years now (yes, I watch them, though mainly cuz I have a friend who used to show up now and then as a guest), I've come to the conclusion that, for the Big Picture, there are no experts.

Digi Forum Leader
Originally posted by Mindship
Mostly true. They also like to "predict" what stocks are the ones to buy. Personally, from watching these shows for years now (yes, I watch them, though mainly cuz I have a friend who used to show up now and then as a guest), I've come to the conclusion that, for the Big Picture, there are no experts.

This is most likely true. But at least it's good that almost no one really cares about "the Big Picture" with their investments. It's very possible to know what you're talking about and have a good overall track record in smaller subsets of the market.