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J Hutt
The Plain Bagel
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Comments by "J Hutt" (@jhutt8002) on "Should You Invest With An Advisor?" video.
Index funds are only as good as the overall economy. Personally I'm too pessimistic and sceptical to keep my money in stock market very long in any form without close attention. I'm just waiting for the eurozone collapse, and trading stocks I find solid in the meantime, ready to jump out before the fires start.
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@cherchehacknostale True. But what's the point of dangling your money for months or years on an investments that are more likely to go down than up? That's what I've never understood about long run investing. If you sell, and turns out you we're wrong, at least you've won a little and If you are right; you win a lot more. And you can always buy back in when you assess things are coming out better. BUT if you don't sell and stock falls... That's lost profit you can bever get back AND you're just lost possibly years worth of time in stock. It's honest question. Why is that considered in any way as a smart strategy?
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@rabidlorax1650 I don't know if the stock falls or rises. I'm just managing risks. If you sell at profit you lose nothing regardless of future. I only buy stock when I'm sure it's not going down in a short term. I currently do hold few stocks that went red on friday... Should have sold on thursday, but if they don't break even in next week, I guess I'm in the long game with them know. I did sell what I didn't see have long term value in past weeks so I have no worries.
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@rabidlorax1650 That's more risk and I could be wrong. I think overconfidence is possibly the worst thing you can do in trading. I've had couple of trades gone worse than -10% last year, if I had leveraged them, it would have been really bad. Now they we're mere hickups, my good trades could easily outweight. But I'm not that experienced investor, so my questioning of holding vs. trading, was just to understand the reasoning behind long investing better.
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Why is my response disappearing?
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