Aug 25
You think you have an edge… and you don’t. Not even close.
Goldman Sachs is withholding stock tips from the thousands of clients who receive the company’s written research reports until days after they’re passed along to the firm’s own traders and some 50 favorite clients, the Wall Street Journal has learned from an analysis of company documents
I don’t think they should have to give all their clients the same service, but since I’m not one of the 50 I don’t want to be their client.
I’m in the market, for good and bad, but I don’t pretend to be engaged enough to time stocks. That is a suckers play for those who don’t want to spend all day at it. I buy, hold, and hope.
August 26th, 2009 at 5:41 am
We have no shortage of advice on how to play the stock market. But buy-and-hold works only as long as the long term prospects for the company remain good. Those prospects are affected by competition, new technology development, general economic conditions, government actions, and who knows what else. The smart investor stays aware of the company’s prospects and acts accordingly, which means occasionally selling stocks. Basically, hope is not a winning strategy if you seek a competitive ROI.
August 26th, 2009 at 7:10 am
I own very few companies that I like. Apple, Amazon, so forth.. The rest just index funds.