A beautiful stock has moved into your online brokerage account. This beaut has been making everybody money and can do no wrong! Everyone loves this one and you actually own some shares! Now that you have it you need to take a lesson from the movies, "The Crush", "The Roommate" or "Obsessed" and stalk the stock.
Are you creeping through all of your stocks belongings and personal information everyday? Whose number is this on your stocks iPhone!?!? Just kidding! Seriously you should be searching for news on your stock. Whether it is news related to your specific stock, the overall economy, or reading the companies public documents when they are released. Sometimes you can even eavesdrop on your stocks company via phone by listening to conference calls! That's creepy, but great stalking!
A good stalker always knows when it is time to end the 'relationship', even if it only exists in their own head. Stalking your investments will allow you to know right away if your investment's margins start to erode, the sector it is in starts to collapse or the CEO of a stock your invested in is caught huffing gold metallic spray paint. Then you will know that it is time to kill your current investment. This can be done with poison, pushing the stock off of a cliff or you could just place a sell limit order and end the relationship that way.
When it comes to stock investing, show your obsessive and clingy side, stalk your stocks.
That is a very good picture of what a real relationship with your stocks should be. What do u think the market is going to do in the coming year?
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ReplyDeleteI think that it is going to be a tough winter and spring for the stock market. As investors we have to find out what the effects of the European debt problems do to the US markets.
ReplyDeleteI think people should be very defensive with their portfolios until we see what happens with Europe. Even though the US economy is improving the EU may drag the US markets to much lower levels. This would be great, because if you are defensive with your investments or in cash we could see another huge buying opportunity like we did in 2009. I will continue to blog about this, and a couple of my past blogs have touched on what I think is to come in the coming days, months and years. This is a slow week with light volume for the market so I figured I would do some silly blogs about really important investing principles.