When it comes to stock tips, home-based, part time stock-pickers are always on the hunt for the latest hot thing. They’re attending retail investor conferences, hanging on to every word from dazzling fund managers and writing pages of notes to take away for further study.
We often wonder how they manage to stay on top of the latest tips, or decide between opposing views on investment – do they trawl through the internet for hours researching or maybe get in touch personally with the companies they’ve received tips for. Really? Why not just invest in the relevant fund instead of going it alone.
In all seriousness, unless you’re getting ongoing advice about when to buy and sell, a stock tip really isn’t worth a thing. And when you look at some of these newsletters featuring hundreds of tips over a period of a year, your portfolio would be unmanageable with a bit of this and a bit of that.
Well–researched, professional money managers who are operating in the market daily, and who conduct or have access to appropriate investment research, are much more likely to gain better results than the average home based stock-picker.
Our clients use the CARE Portfolio Investment Strategy so if you’re interested, give Graham a call to discuss on 0414 583 558.