RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:So what do other folks know that I dont?quakes - Diversification is a protection against ignorance. It makes very little sense for those who know what they are doing. Warren Buffet
Buffet, Soros, etc. all very successful players and billionaires don't believe in diversification.
There is no more hold a stock and make money. Investing as it used to be. Look at all the blue chip stocks that joined the Dodo bird. Look at the charts of blue chips. Not any different than the ones of penny stocks, only in dollars compared to cents.
People call it investing but it is speculating, nothing else.
They only time you can be sure you made money is when you sold and the money, cash is in your account or bank.
Quakes - you only make money selling, never buying and most of all, holding and waiting.
Yes, speculating is very entertaining and most of all, educational. You learn a lot of things doing your home work. Be is commodities, nano technology, mining, etc.
I studied commodities, have the certificate to be a commodity trader. Unfortunately I am not smart enough for that game. Exciting - you can't beat it, especially currencies.