2 ms·
A) Don't take advice from random strangers, especially those living in echo chambers. B) Read, read, read, read, read. C) After B, decide on your own - you ar
by PeterWhittaker 13y ago
A) Don't take advice from random strangers, especially those living in echo chambers.
B) Read, read, read, read, read.
C) After B, decide on your own - you are likely as smart or smarter than any financial adviser, you need to learn what's out there.
D) Some things that work for me: i) Letting my wife manage my portfolio, for the most part, she is generally more distant in her judgements; ii) stocks paying decent dividends with a history of doing so, in a DRIP; iii) reading the news, looking for things that might cause bumps in depressed stocks (made good money on Yahoo when Mayer took over); iv) doing "iii" with no more than 5-10% of my portfolio.