#1 -- I hope you all have had much success with your investments this year!
#2 -- I personally L - O - V - E Cramer's #1 Tip. Here's why:
The minute I mention "I" own Annaly Capital Management (NLY) --- and "you" (the readers) go out and buy it for no other reason than because I said I owned it.... Then I decide it's time to sell -- because for me - it's reached the goals I set for it - or there's a what? Yes! A Fundamental change.... I sell but I don't say that here = or where you work (if you're following some co-workers tip) etc. You keep holding and loose your butt.... WHY? Because you have NO CLUE why you bought it - what it is - what it does - and you were too lazy to do the work to find your own investments! Oh yeah - OUCH. A couple losses in the "market" and you're forever turned off.... and you suffer yet again come retirement time.
Also -- remember how many times I say "the minute you buy, there's a guy on Wall Street yelling at everyone else --- Okay guys! He's in! Take 'er down!" Yes - a stocks price will be lower than what you paid for it at some point. You'll need to understand Tip #1 to get Tip #4
No. 1 Tips are for waiters.
No. 2 You must do the homework if you are going to own an individual stock.
No. 3 If you can't do the homework, then own an index fund.
No. 4 If you fear losing money, don't own stocks at all because they will go down as well as up.
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