I hate being right about a stock and not having the money to invest

[AndrewR]

I've been following Textron, a defense contractor for the most part, for awhile, and I saw it hit 53 last month and knew that it was a good buy. It just hit 60 today -- 13% increase.

Of course, I pretty much did the same thing with Intel, buying a few shares at 19, and it recently hit 25.68. Should have put much more money into it. Of course, who knows how much I would have lost on a couple others, and I am losing money on AMD right now!

Stocks are fun.

 

[Descartes]

Originally posted by: AndrewR
I've been following Textron, a defense contractor for the most part, for awhile, and I saw it hit 53 last month and knew that it was a good buy. It just hit 60 today -- 13% increase.

Of course, I pretty much did the same thing with Intel, buying a few shares at 19, and it recently hit 25.68. Should have put much more money into it. Of course, who knows how much I would have lost on a couple others, and I am losing money on AMD right now!

Stocks are fun.

Exactly.

The trouble with knowing something is a good buy is that everyone else in the market has to agree with you.

 

[DaveSimmons]

Of course, who knows how much I would have lost on a couple others, and I am losing money on AMD right now!

Exactly++ ;

Also, actually investing in stocks takes a lot more effort than gambling on them, just ask Descartes

He probably earns a higher return on stock investments than I do with my stock index mutual funds, but I spend an hour or two a year managing them and almost no time on research. Buy, hold, use the 1-page summary from my brokerage to fill out my tax forms in a few minutes, done.

Some people enjoy the deep research and planning, but I'd rather read a book, play a game or watch a movie instead. There's nothing wrong with either choice, it's the dabblers at stock picking that almost always lose over time.