Trade on Your Own Ideas- Don't Chase Hot Tips

Successful investing requires conviction. Even the best ideas rarely work immediately. Avoid hot tips and rumors. That’s a sure way to lose money. If you hear information or a stock tip, we don’t mean disregard it entirely.  Do your own homework. Investigate, verify and come to your own conclusions. We can’t tell you how many sad stories we have heard where people lost money because they were following “smart people.”  Even the smartest, most informed investors fall into this lazy trap and cede the necessary due diligence to others because they just assumed successful and wealthy people must have done that for them; ie Bernie Maddoff and Elizabeth Homes of Theranos all had knowledgeable, sophisticated and connected investors amongst them.

Please share our posts with the proper attribution. If you need some help understanding how to value a stock or general investing ideas, ask us for a complimentary copy of The Investment Survival Guide. As always all investment ideas can lose money, so invest wisely and do your own research. We may or may not have positions in any idea we write about and are under no obligation to disclose such.  We urge you to consult with your own advisor or contact one of our registered investment advisors who will act as your fiduciary representative.

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