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Reply to "Does anyone follow the Motley Fool’s advice?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I was a subscriber for years when they first came out and definitely did well. Though I wish I’d bought Netflix when they first suggested it. I thought they would be obsolete à la Blockbuster, but the co pivoted well. Thank goodness I bought Apple when they suggested. I mostly followed David’s picks. Also, 7:59 is flat out wrong. [/quote] Thank you! Why did you stop buying eventually? Would you recommend it to your kids or use it to drive your kids portfolio? My son has a small Roth IRA and I wanted to set him up with something besides the index funds. Something he’ll remember me by in 25 years! Heck I’d buy for myself too [/quote] I stopped because I was tired of keeping up on individual stocks. While I had a general stock fund, I mostly followed it over our IRAs. I was more aggressive with my IRA than DH’s and I was about 15-20% over his. There was a group of 3 women at our cubicle farm who talked stocks, which is how we got into them (as they’d just started). Remember that with all the breakouts I had, there were also clunkers—which is going to be true for anyone. Also, if you don’t follow them 100% you’ll never get their gains because you’re just shooting at fish in a barrel, even if you’re ahead of the market. I think people are confusing Stock Advisor with other MF recommendations. Yes, they have a basic approach to investing, but SA has 2 recommendations a month—one from each brother. They also, in the past, used a 10 BUY NOW stocks to be your entry point. I tried to get my oldest son interested in college, but he wasn’t at all. I’ve also talked about investing and helped them invest for years. The oldest is now in finance, and bought some, but I think is already just doing funds, while the youngest just doesn’t like anything to do with money. Maybe you could do it for your son for a year? Like a project together? [/quote]
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