There's a guy from an international investment firm in New York who's been pestering me for about a month now. I guess he somehow found out my name, my title, and my location in Switzerland and figured that I was a wealthy, high-powered executive with tons of cash to invest. I tried to disabuse him of that notion last month, but he called me again today with what he considered to be a hot stock tip. He wanted me to buy a bunch of shares right then and there. I told him that I was intrigued but that there was no way on earth that I was going to put a bunch of cash into one company after five minutes of analysis. That company doesn't even pay a dividend right now, which made me even more reluctant.
Well, that company's stock is up 4.5% today. The broader market is up about 2%. I would have had a nice little gain if I'd followed my heart instead of my head. Oops. It doesn't change my overall philosophy, though, which is nothing flashy, nothing too dramatic, just slow and steady and boring, generally investing only through our retirement accounts and a 529 for the kids. It's served me well so far. I'm never going to be a day trader. I do have to say, though, I'm getting a little frustrated with the 0.9% I'm getting from my savings account. Maybe it's time to take a teeny little part of the savings account and try something a little more edgy. At the same time, I always keep in mind the phrase "never invest more than you can afford to lose."
2 comments:
Thanks for sharing that info with us. Maybe some of us are a little more willing to through caution to the wind - next time he calls send him our way (just kidding - I have about 10 cents that I could invest right now).
That should be 'throw' not 'through'.
Post a Comment