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Reply to "Motley Fools Stock Advice"
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[quote=Anonymous]In general, people that come up with good stock picks keep it to themselves. People that guess sell books. Or they buy a stock, then tell people to buy it (giving them a profit). In my 30 years of investing, I have mostly stuck with real estate and index funds; I only bought individual stocks twice: once was the company I worked for when they offered me 2-1 options so that if it goes up I get 3x the profit at 1x the risk. (I did very well on that, parlyaing 10K into about 130K after taxes; that money then went into real estate -- 3 houses, 200k each, 40K down each. rental income more than covered the mortgages (my cash flow goal). Sold them as tear downs for 550K each a couple of years ago. The next time, I identified a company which I thought was making good decisions and going in the right direction, and through some money at apple -- about 100K in 2003. I also guessed wrong right before the recession, and lost 80K on a real estate trust that folded in 2009.[/quote]
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