Comments on: Single Stocks? No Thanks!

By: John

John — Mon, 07 Mar 2011 19:56:59 +0000

I like that quote from Warren! I totally understand what you mean. The question I guess then becomes: will anyone know EVERYTHING about a company to truly win with their stock 100% of the time? That’s a tough one! Thanks Frank for being a reader!

By: Frank

Frank — Mon, 07 Mar 2011 19:50:56 +0000

I think mutual funds and the like are probably best for the majority of people but not everyone. It depends on your knowledge in stocks. Warren Buffett says, ‘Diversification is protection against ignorance.’ he didn’t mean it as a knock against it, but rather saying if you really don’t know anything about stocks, diversification is clearly the way to go.

By: Dave Ramsey’s 7 Baby Steps: Step 7 – Build Wealth and Give!

Dave Ramsey’s 7 Baby Steps: Step 7 – Build Wealth and Give! — Sat, 26 Jun 2010 20:12:45 +0000

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By: » Why Dave Ramsey’s 7 Baby Steps Really Work

» Why Dave Ramsey’s 7 Baby Steps Really Work — Fri, 21 May 2010 13:47:43 +0000

[...] I listened to his show, the more I began to understand where my financial plan was falling short. I was investing in volatile single stocks and thought I could get ahead in life by “smart” day-trading. I was a seeker. I was someone [...]

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Wed, 17 Mar 2010 12:26:49 +0000

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By: » How To Learn Investing Without A Formal Education

» How To Learn Investing Without A Formal Education — Wed, 17 Mar 2010 12:01:34 +0000

By: John

John — Wed, 03 Mar 2010 19:24:27 +0000

Excellent Peter! Single stocks can be a financial trap, no doubt. Glad I got some support on this one!

By: Peter

Peter — Wed, 03 Mar 2010 18:48:29 +0000

I’ll stay with mutual funds and index funds myself. I’m way too conservative to even think about investing in single stocks.

By: Rod Willett

Rod Willett — Tue, 02 Mar 2010 17:21:51 +0000

Excellent article and great blog!

By: John

John — Tue, 02 Mar 2010 05:47:59 +0000

Thanks for making the distinction clear JoeTaxpayer!