Warren Buffet says "Investing is simple but it is not easy." There are a lot of misconceptions about investing. Let's look at four big ones. Misconception #1 - Studying the financial statements of individual stocks and learning the techniques of how traders execute will improve my investment returns. This is a surprisingly common idea, that if we just learn enough that we can do better. I … [Read more...]
The Peak of My Delusion
Investing in single stocks can be exciting, but they can also be hazardous to your financial well being. Here is how I learned that lesson the hard way. It was the late 1990s, and the stock market was booming. You had to try not to make money. I was at the peak of delusion, the most extreme point of self-deception. My skill in picking stocks was the catalyst of my good fortune. During this … [Read more...]
Why I Said “No” to Peer-to-Peer Lending
Recently, investors in my state ((Lendingmemo.com lists the current availability for each state)) became eligible to invest in peer-to-peer lending at Lending Club, so I decided to investigate whether it was worth pursuing. If you are considering this as an investment, please read this post and other reviews first. I will link other reviews at the end of the post. Most of this post is from … [Read more...]