Comments on: Top 10 Investing Mistakes http://www.thickenmywallet.com/blog/wp/2008/12/16/top-10-investing-mistakes/ Everything to do with thickening your wallet by entrepreneur turned President of an Investment Company Wed, 08 Sep 2010 16:17:54 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com http://www.thickenmywallet.com/blog/wp/2008/12/16/top-10-investing-mistakes/comment-page-1/#comment-17639 A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com Thu, 01 Jan 2009 23:35:53 +0000 http://www.thickenmywallet.com/blog/wp/?p=617#comment-17639 [...] My Wallet lists 10 of the biggest investing mistakes. Both amateur and professional investors can be guilty of [...] [...] My Wallet lists 10 of the biggest investing mistakes. Both amateur and professional investors can be guilty of [...]

]]> By: Patrick http://www.thickenmywallet.com/blog/wp/2008/12/16/top-10-investing-mistakes/comment-page-1/#comment-17511 Patrick Fri, 19 Dec 2008 19:54:17 +0000 http://www.thickenmywallet.com/blog/wp/?p=617#comment-17511 I don't really agree with #5. If you don't care about paper losses (see #4), why are you troubled by missing the market bottom? If the purchases you made in #5 were good values, why would you care that the market now values them even more cheaply than before? There are two important things to remember about falling knives: (1) they are falling (ie. their price is declining), and (2) they are knives (ie. they are dangerous). Don't forget the latter. Buying a solid company when its price is declining is more like catching a falling star: even if it falls more, it's still a star, so don't sweat the paper losses (see #4). I don’t really agree with #5. If you don’t care about paper losses (see #4), why are you troubled by missing the market bottom? If the purchases you made in #5 were good values, why would you care that the market now values them even more cheaply than before?

There are two important things to remember about falling knives: (1) they are falling (ie. their price is declining), and (2) they are knives (ie. they are dangerous). Don’t forget the latter. Buying a solid company when its price is declining is more like catching a falling star: even if it falls more, it’s still a star, so don’t sweat the paper losses (see #4).

]]> By: Nancy (aka money coach) http://www.thickenmywallet.com/blog/wp/2008/12/16/top-10-investing-mistakes/comment-page-1/#comment-17476 Nancy (aka money coach) Tue, 16 Dec 2008 20:08:01 +0000 http://www.thickenmywallet.com/blog/wp/?p=617#comment-17476 Have a great break! And re: #7 and #8 - I've enjoyed a really strong track record doing my own investing by exactly those points you made. I buy what I know and (generally) understand and between blogs, now twitter, conversations with joette-canadian-consumers and financial pages, have usually been able to figure out what's going to continue to be successful and what is going to wane. It's not rocket science, and if I can do it, so can anyone (which speaks to your points #2 and #3) Have a great break! And re: #7 and #8 – I’ve enjoyed a really strong track record doing my own investing by exactly those points you made. I buy what I know and (generally) understand and between blogs, now twitter, conversations with joette-canadian-consumers and financial pages, have usually been able to figure out what’s going to continue to be successful and what is going to wane. It’s not rocket science, and if I can do it, so can anyone (which speaks to your points #2 and #3)

]]> By: admin http://www.thickenmywallet.com/blog/wp/2008/12/16/top-10-investing-mistakes/comment-page-1/#comment-17475 admin Tue, 16 Dec 2008 15:10:42 +0000 http://www.thickenmywallet.com/blog/wp/?p=617#comment-17475 Richard- most studies show even if hop aboard after the initial rise, you will still experience most of the gains. The key, obviously, is not to invest when everyone else is investing. Some people call it the taxi cab syndrome. When you cabbie tells you to buy something, that's the time NOT to buy it. On a more technical analysis, I would look at the moving averages. If your 50 and 200 day moving averages are showing a consistent pattern, it tends to show you some predictable trends to make a decision on. Hope that helps. Richard- most studies show even if hop aboard after the initial rise, you will still experience most of the gains. The key, obviously, is not to invest when everyone else is investing. Some people call it the taxi cab syndrome. When you cabbie tells you to buy something, that’s the time NOT to buy it.

On a more technical analysis, I would look at the moving averages. If your 50 and 200 day moving averages are showing a consistent pattern, it tends to show you some predictable trends to make a decision on. Hope that helps.

]]> By: Richard http://www.thickenmywallet.com/blog/wp/2008/12/16/top-10-investing-mistakes/comment-page-1/#comment-17474 Richard Tue, 16 Dec 2008 14:47:37 +0000 http://www.thickenmywallet.com/blog/wp/?p=617#comment-17474 If you can't time the exact point of the bottom, how do you know it's safe to invest again (confidence is rising) before prices go up too far? If you can’t time the exact point of the bottom, how do you know it’s safe to invest again (confidence is rising) before prices go up too far?

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