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Picking Stocks . . . Still a Gamble
Motley Fool Looks Back at their Worst for 2009
Overall, a portfolio equally divided among those 10 stocks would have risen an astounding 146% in 2009. Not exactly what we expected to see -- especially after making much better picks for 2007 and 2008. The article also includes their "worst of 2010" . . . invest wisely. |
#2
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I don't think I know anyone with enough time or info to invest in individual stocks correctly. Find a good mutual fund in the investment area you like.
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#3
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I don't know anything about it but I good friend of mine who's a script writer is making decent money at the moment with buying and selling stocks. He sold a script last year for $ 80K and is using that money. Buys a lot of bio-tech. Trades in the morning, writes in the afternoon.
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1979 Black on Black, 300CD (sold), 1990 Black 300SE, Silver 1989 Volvo 780, 1988 300CE (vanished by the hands of a girlfriend), 1992 300CE (Rescue). |
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On the other hand, I tossed 2,000 into a Roth IRA for my daughter back in 1998. It has rollercoasted up and down for 10 years and is back at 2,000. (J20) |
#7
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The market has been tanking like a rock for the last three days. Not a fun time to be an investor.
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#8
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It's still probably higher than it should be. It's been recovering too quickly, I don't trust it.
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#9
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Invest smartly for the long term. Avoid reappraising your house every day. |
#10
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But global hot money doesn't sit on the sidelines long. I think it was a driver of the '09 market. Will it stay or go elsewhere? |
#11
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I have recovered most of what I lost in 2008 since March of 2009. I still have some huge tax losses from selling off stuff near the end of 2008, but I bought back most of the things I had sold during March and April of 2009. I have not seen any fund managers that inspired me with confidence. They inspire me, but not with confidence. Mostly, I feel envy. If I made as much as most of them do without doing any better than they do, I'd be pretty rich by now.
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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
#12
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What was it invested in? |
#13
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Depends on what and when you're invested in, as to whether it's "a fun time to be an investor." I always have fun investing. |
#14
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Pick your fund manager(s) very carefully. At least that's what I've done. I am down to two - and I'm thinking that's one too many for me.
Last edited by Skid Row Joe; 01-22-2010 at 04:34 PM. |
#15
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I like Bill Miller. You can have the rest of them. If I ever buy another mutual fund, it will be an index fund.
__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
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