Investing Basics
21 August 2007We’ve all heard the many debates about long term vs short term, TA vs FA, speculative vs value, etc. I won’t repeat that here because we’ve all heard or read the many articles about this. I however would like to write something about investing basics here due to a message i received early in the trading day. The message went something like this:
xxx: Looks like the market is up today
me: yep
xxx: looks like xyz stock has good buying volume
me: seems like it
xxx: is it a good time to buy now or should i wait a bit more?
I know some of you have encountered this before with some friends of yours. I am not saying that it is bad to ask (or answer) questions like this, however if we were to return to investing basics, I believe that the first thing one should do is to do his or her homework.
It shouldn’t matter whether you are a TA, FA, long term, short term, speculator, value investor, etc. As long as you are investing in the market, you should do your own research and study individual stocks and the market in general to be able to come to your own conclusions as to what to do given a certain situation. Afterall, we can’t ask for “fish” for the rest of our lives.. eventually we will have to learn how to catch our own “fish”.
To sum it all up in one sentence:
“Do your own research when investing!”
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