Thursday, December 22, 2011
"They" must know something trades.
I was reading an article earlier and I saw this kind of stock trade described and it reminded me how ignorant some investors/traders can be with their hard earned money. It is hard to imagine the thought process involved with this specific type of "trade" for me, but I will give it a shot.
Some person who dislikes or hates the money that they have accumulated sees an article or views a bit of news or an interview where a hedge fund manager or wealthy investor mentions a stock and then the money hater blindly invests in the stock just based on this information. I guess that is how this works? "A fool and his money are soon parted."
Please do not engage in this type of capital destruction. Please do your own research and understand how to do research on stocks. There is plenty of information out there that can help anyone do their due diligence before purchasing even one share of stock. If you hear about a stock on a television show or read about it in an article, this can be a great place to get an idea about a possible investment. However, NEVER EVER buy or sell a stock based on what some other person says on television, the internet, etc.
If you feel the need to enter into this type of trade or investment, I have some other investment ideas for you. 1.) Give me your money, I will appreciate it and invest it wisely. 2.) Put it all on black at a roulette table in a casino. 3. Burn the money on fire. 4.) Give the money to a church.
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