@Noreen,
You asked a great question. I guess the best answer to that question is one tip from Pastor "Pick an industry and become an expert in it." Unfortunately, it's not that easy for our average investors to become an expert in any industry.
Suggestion?
Re: Good tips
driven
5/14/2012 11:08:17 AM
:) Bargain Bin! Yep, me too.. I also like to balance what I read in financial publications against real life conversations or real life experiences. I mean, it makes a lot more sense to consider Buffalo Wild Wings if you've gone there with your friends four weeks in a row, amd everyone seems pretty happy with the place.
Investor Uprising, of course!
If you don't trust the analysts, who do you trust? Fellow investors? Friends? only your own research? On what do you base your investment decisions>
Re: Good tips
driven
5/10/2012 9:06:59 AM
I understand exactly Cat Tail -- it pays to be a little skeptical when people with a vested interest in something start urging you to buy or sell.
Re: Good tips
cat tail
5/10/2012 9:01:03 AM
I'm engaging in a certain amount of hyperbole here, yalanand. But my point is I always grow skeptical when the analysts start leaning one way or another...I always feel they have ulterior motives.
Re: Good tips
yalanand
5/10/2012 7:53:34 AM
I like the consensus warning about financial analysts. When analysts say buy, I usually sell,
@cat tail, that is a very risky strategy. You never know when the financial analysts are lieing. I think the best method is to study the stock fundamentals yourself before taking any investment call and just ignore the analysts advice because most of the time they are biased.
Re : Investment Advice From 3 Sources, Including a Felon
yalanand
5/10/2012 7:48:36 AM
@Sherri, thanks for this informative post. Really good compilation of investment advices.Could you please explain why should investors be wary of companies with high turnover ?
Re: Good tips
Phoenix
5/9/2012 11:51:06 AM
I like the advice given by Antar best. Who would have ever thought how important reading foot notes could be? He's right about keeping an eye out for possible inconsistencies.
I think it makes sense to "Look for subtle inconsistencies rather than outright lies." Most execs are smart enough (OK - we'll exclude the Yahoo CEO) to keep from making a direct false statement, but many of them get tripped up in exaggerations and overly optimistic projections.
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