Originally Posted by jragosta
Or, more likely, that I obviously know more about stock picking than you do. Pigs get slaughtered.
I've been tracking my investments for over a decade - and beat the S&P 500, Nasdaq, and Dow Jones by an average of 5% per year over that time frame. That's HUGE. I think I'll pass on taking stock advice from you.
Hah. Curiously, my e-penis is bigger than yours. I've outperformed you in the stock market.
But you know what? That doesn't matter, because this is the internet
, and both of us can spew out unsubstantiated nonsense like that even if we've recently been ruined in the stock market. So unless you've got a public profile somewhere which documents what you're saying, don't bother. If I'm going to gauge your knowledge of stocks I'm going to base it on your statement earlier, and it was a ridiculous one.
Edit: P.S. Your comment about sell when everyone is, "Buy, buy, buy!" is great advice for buying and selling stocks a person doesn't understand. As is the old adage, 'Buy Low, Sell High'. But if you understand a company, and you have some understanding of the stock market, you can easily recognize when this will or will not be true. If people are buying stock in a company which continues to grow at an incredible rate, and shows great promise in growing going forward, odds are that stock will continue to gain value. This should not be odd because the company
will continue to gain value. Someone following your advice should have sold out of AAPL long ago (and likely bought back in a few times, losing value, but that's another story), but lo, it continues to grow. Now when Apple stops growing, or when I no longer see promise for growth, that
will be when I sell (short of a large dip which I actually manage to predict well enough to take action on it). AAPL is traded at a high value relative to the company's worth so that'll be a turning point. As would a point of fear, such as Steve Jobs' death (temporarily). Until then, thanks, I'll stay long on AAPL.