I Do Not Like Investing Spam!

Shutterstock photo

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 she's bought.

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 stocks.

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Insurance

More from Kiplinger




Personal Finance
Follow on:

Research Brokers before you trade

Want to trade FX?

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com