Now that we've stowed all the holiday bags,the boxes, the
toys,the gift-giving tags,your Practical Investorgot a
Grinchy-Grinch thoughtthat has something to do withthe stocks that
You see, in the processof researching those stocks, I signed up
at Web sitesthat promised their thoughts.
Seeking Alpha, GuruFocus,TraderPlanet, YCharts, Value Line,
Motley Fool,Zacks, some upstarts.
Day in and day out, theysend me their news, research and stock
quotes, and plenty of views.
One says "Buy!"The other screams "Sell!"Both say "Act
quick!Before the closing bell!"
Apple and Intel? They say that they're dying."No Lockheed. No
Seagate.Sell quick! We're not lying!"
"Buy solar! Buy pharma!Buy stocks that sell smokes!Pay attention
to us!We're serious blokes!"
I fret and I worry.Do they know something new?Or is this just
opinion, an uninformed view?Sage advice is nice--but when just
opinion,every Tom, Dick and Sallycan claim that dominion.
Check the writer's credentials,and yours might be prouder.The
difference with bloggersis just that they're louder.
Half the advice is plain wrong-- if you track it, you know
it.And this money's your future.It's bad if you blow it.
But the things that they saystill stick in your mind,making you
wonder ifyou're deluded or blind.
So we investors must fight--fight to keep poise,when dealing
with the market'snoise, noise, Noise, NOISE.
The problem I see withall the noise that they've madeis their
thoughts and opinionsmay cause you to trade.
Unless a move is compelling,it makes sense to stall it.Too much
buying and sellingis bad for your wallet.
All trades cost money.They mean taxes and fees.Do them too
often,and returns fall to their knees.
In studies by professorsOdean and Barber,they make a great
casethat your money goes fartherwhen you buy solid firmswith
finances like rocks.You should hold them forever--just sit on their
Watch them with faith,like Horton would do (when hatching
Mayzie's egg,or hearing a Who).
We must keep our own counselwhen investing our money;frittering
it away causesresults that aren't funny.
Research your stocks, look atearnings and cash flow.Keep your
ears open for thethings you should know.
But when pundits start screaming, you should not blink.The best
way to invest is to bequiet and think.
This is a journey.It's not a short race.When investing your
cash,set your own pace.
I hope that this columnwas not too abstruse. I send thanks and
apologiesto the good Dr. Seuss.