Egg 11 - How not to get Plucked
Riding the egg, placing 100% of your Portfolio into One stock should be avoided AT ALL COSTS! But so and so on TV said, “This one particular company Can’t Lose…Is Guaranteed to Go Up…Is a sure Bet….There Won’t be Another Chance To Buy At This Price! Ask yourself, "Am I getting all this good information from what the company did previously? Or, is this secret information about the company for tomorrow's trading day so I can Join the Winners?" (and probably illegal)
More likely you will Join the Wieners as whatever news the TV Tube shows is Old News. Trust the Candlesticks for what they are telling you about the buyers and sellers!
As one banker said, “Most People Invest in this company because Everybody Else Is!”
As the market kept a downward trend for several months, one investor who had $100,000 invested was told by his advisor to hold and don't sell, hold and don't sell, hold....and his Total Portfolio reached $12,000. The next phrase from the broker was, "Let the Buyer Beware".
Have you heard this one, “We will take care of YOUR MONEY!” and “We can guarantee a 5-8% Annual return on your Investment!” Ask yourself, how much in fees will this cost me? And, ask yourself, Could I do better!”
If someone were to give you $10 Million dollars if you sent them a check for $500 to cover the processing fee. ..... get this junk e-mail on a daily basis. so it must be true! lol
All of the above, and more can best be summed up best with Hawk’s Motto.