Reply to What stocks to buy? How to research?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]just buy a low cost, broad market index.  you will do better than about 80% of people in the stock market.[/quote]

That's one approach, but you'll never grow and evolve as a capitalist and that is really your goal. Index funds are for lazy minded people with no imaginations and who are unwilling to take responsibility for their own financial security and independence.

It's about more than beating the indexes. It's about being active and involved in your own financial future. If you just mindlessly put your money in a vanguard fortune 500 index fund and forget about it, you'll be fine, but you may never attain the status of being independently wealthy.

When you are an active investor you will use and expand your body of knowledge because you're are tuned into the goods or commodities which you can envision growing over time and creating great wealth. Some investments will richly reward you and on others you'll lose money, but win or lose you'll be gaining a valuable education. Gradually, you begin to accumulate more win miners and wealth than losers. These are also valuable skills you'll pass on to your children. Be a CAPITALIST not just one more mindless index fund customer![/quote]

Are you the Seeking Alpha day trader?  I second the PP who said that anyone can have *one* good year...you don't talk about beating the market for 30 years... because you didn't.  Few people do, and the ones that do aren't posting on DCUM, they're off looking at 10 computer screens because the markets never sleep.

I am a so-called capitalist, to use your turn of the last-last-century term, and smart enough to know not to muddle around with real money trying to pick winners in the market.  I'm no dummy either.  The OP didn't say he wanted to start being a full-time finance guy, I'm sure OP has a day job, he wants to park his money in stocks.  Index is the way to go, then.

I'm not lazy.  I keep a very good eye on my family's portfolio.  I liquidate when I have to.  But I don't actively trade, that's for fund managers and fools (which one are you).

My DH is the one who lost $60,000.  Bless his heart, he kind of sounded like you at times.  Very smart man too.  He even had a "plan," and a "theory," he made some good returns, got excited, traded every damn day, researching, researching...then started to lose money, saw his theories were shit, and realized he was nothing but a gambler.

You're a gambler on a winning streak.  You totally sound like one, too.  Drunk, high and delighted at your own unforeseen good fortune.

I'm just afraid OP is going to drink your cool-aid and lost his little nest egg.[/quote]

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