Post by
deisman03 on Sep 15, 2023 11:40am
Advice?????
Suebee, anything I print is not "advice'' I'm not astute or knowledgeable, other than through my own due diligence, which is limited and personal experience.
I will not knock your investment strategy whether I agree with it or part of it or not.
When I first started investing I went through a financial planner/broker. There was no other way for retail investors to get into the game.
Sadly, many of the planners were no more well informed than the people they were selling their wares/expertice to.
It became quite obvious that they weren't so much motivated by how well I would do as an investor but how well they would do by promoting the vehicles that were being pushed by the institutions they worked for and of course the substantial processing fees they garnered every time they convinced me to buy or sell.
They did not have my best interest at heart.
I don't see all that much has changed.
One of the investment advisory companies that I used to have some faith in has fallen into the above category. We see it advertized in online news panels everyday and it's become quite obvious that they've become nothing more than paid influencer with much of their advice and information on the edge of being fraudulent.
Some people on this site often repeat the advice of such promoters by wrote.
I bought BK very close to the bottom and when I could see five months of distributions being available in a week, I sold. NO, I'M NOT ADVISING YOU OR ANYONE ELSE TO DO THE SAME.
This strategy works for me in a couple of ways.
It keeps my initial base capital intact with inflation and it gives me a profit, some of which I use to sustain my standard of living which isn't ostentatious by any means but very worry free and comfortable over the fifteen years I've been retired. (58)
I have the time to do the due diligence I feel is needed to invest, not all people do.
Don't get to greed and maintain your base capital was the best advice I was ever given as to the basic rules of investing.
If you're winning 2/3 of the time, IMHO, you're doing fine.
To much diversification is not a good thing.
Leaving a bit of money on the table is not a bad thing, if you're making a decent profit.
Letting "someone else" whoes motivations are different than your own advise how to invest is a recipe for disaster.
GLTA the good folks here.
Comment by
EdPaquette on Sep 15, 2023 2:42pm
I tell you what I bought and sold to give you a laugh.