Stop Picking Stocks—Immediately! by Henry Blodget. I don’t agree totally with his conclusion but the article is a good read. Definitely the kind of information investors need to know. I do agree that most of the time for 90%+ of the population stock picking doesn’t turn out to be the best financial move. Three counterpoints for why it can make sense: 1) tax smart investing (for buy and hold) 2) investor education (if you pay more attention by buying some individual stocks as part of an entire investment strategy) 3) the Peter Lynch buy what you know small cap strategy (buying companies that you understand better than “wall street” – as a part of an investment portfolio). From the article:
Related: Curious Cat Investment Bookstore including: The Intelligent Investor by Ben Graham with forward by Warren Buffett and Security Analysis by Graham and Dodd
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Today, the market capitalization of Apple exceeded Google for the first time since Google went public. Both Companies are now valued at $185 billion…
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