RE:RE:RE:Markets are a risky place to be........
MyNameIsNobody wrote: Everyone has his or her own style of investment and all types do work... if you're really good but mostly either lucky or patient.
I'm not going to pretend I know more stuff than anyone but my take is if you know what you're comfortable doing with your money you should stick to it.
I'm doing good with this Bombardier investment but for a while I wasn't.
It all started with luck, my first buy was really low, and was lucky enough to have bought low 2 more times and moderately high once while averaging down... with a bunch of average to good smaller buys.
Patience - I was patient enough not to sell or panic when I twice lost a lot of my gains and/or invested money. (meaning I was patient after making the wrong decision of not selling, being greedy)
For all the blah blah we're doing here, here's the one thing I truly believe about the market: Stats say something along the line of '95% of managers or investors do worse than the markets every year'. Smart money is to play the average and buy some of those diversified-low fees ETF.
clubhouse19 wrote: Sure there are those that practice what you state and continue to do so but certainly it is a waning practice.
But can you say that money managers or portfolio that you say hold a diversified portfolio of 15 20 true companies have Bombardier in that mix ??
I certainly do not think so.
And can you explain why Bombardier, still now is short traded close to 30 % of its volume ?
Certainly not a buy and hold type of indications i would say.
Acuras1 wrote: I have owned / managed money / stocks for 4 decades + and when I read frustrated posts about how market makers are "stealing" retail client's shares, I can't help but to laugh.
Look, I'm not looking to laugh at others miseries but lets get real. It's never been "easy" to make money. It also requires something a lot of people don't seem to have much of today: patience.
I suspect much of the frustrations arise from trying to trade around (to outsmart) professionals who do nothing but trade either for their own accounts at brokerage firms and also their own pockets.
I've long watched smart people trade in and out of the market way too often only to end up with poorer returns than old farts who trade around specific $ points and just held mostly a well diversified 15-20 company portfolio of real COMPANIES and knowing more about the companies than just the stock symbols.
You hear often: buy and hold doesn't work anymore. There's way too much information available to investors today, most of it useless but, not all. Keep it simple......
GLTA
You are correct about the managers not being as good as they should be ...I am in the process of transferring RRSP money out of the hands of one of these so-called "experts" , not only did he lose approx. 20% in 1 year , he has the gull to take $4000.00 of my money too ... we have a meeting next week and he says he can do something about that and that we should leave that money right where it is , as he thinks markets are making moves to climb ... I've been through this riff-raff with another manger from this bank years ago and she removed a good portion of the fees....some people will say anything to make a buck ... long and steady wins this race BUT not if you have to pay the ridiculous fees that "mangers" try to get away with ... GLTA