The Best Stock For The Next 90 Days!

July 9th, 2008 · No Comments · Subscribe to this feed

Just kidding, there is no “best stock” for the next 90 days. Nobody can predict short-term stock movements. No, not even your broker or your best friend who claimed he made $18 million speculating on penny stock.

Crystal Ball Liquidation Sale

Instead of hunting for the next “hot stock,” you would be better off creating a diversified, balanced portfolio and sticking to it through thick and thin. This may seem basic to those among you who take time out of their day to read all the personal finance and investing blogs around the web, but unfortunately, the majority of Americans aren’t so well-informed. If I could give one piece of advice to all the novice investors out there, it would be this: ignore all the advice out there (well, except mine, of course). Invest ONLY in what you understand. If somebody has to explain how it works too you, don’t invest in it. It’s too complicated and you’ll likely get ripped off. Neither you nor anybody else can reliably predict which stocks are going up next week. The market can remain irrational longer than you can remain solvent.

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