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New investors are bombarded with advice from everywhere. Financial television, magazines, websites, financial professionals, friends and family members all have advice on how to structure your investment portfolio. Beginning investors are much more likely to give credence to investment tips than experienced investors.
This is a good advising article. It's definitely easier for investment newbies to make mistakes and end up losing a lot of money. It's a risky business in general, but those with more experience tend to make more educated and therefore less risky decisions.
I have a few friends who think I'm their investment guru. Despite my best efforts, they are not willing to admit the fact that asking another guy about which stock to invest in can eventually screw them.
This friend of mine said, "whichever stock you buy, I will"
Because his life is busy with his wife and kids, and he has no time to do his DD. Geez.
Funny how all financial advisors ended up screwing their clients in the big collapse from 2 years ago.
There were very few people who pulled their money out
What big collapse? Did I miss something? Did I screw myself?
I think that I remained invested throughout the "big collapse" and am now UP above the levels even pre-collapse. How did I do it when I am so out-of-it? Something about buy-and-hold, dividend payers and -I don't know- other whacko advice.
Mine did not. We repositioned ourselves to make the most of the run up in 2009. That is why I still work with him.
My point was just that if I was with him or not everything would have been roughly the same. So what "great" advice was I paying for. I stayed in the market just decided to control my investments and diversify by myself.
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