Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
However I think the bigger 'trap' in picking individual stocks is laid for the retail investor who believes whatever is promoted or mentioned on CNBC or held by a prominent investor/fund (Buffett, Icahn, Loeb, etc.) is a good thing for them, too. In other words, the BIGGEST trap for the little people is failing to do their own due diligence and going along with the herd mentality on whatever the trading talking points of the day are.
Comments
Some useful tidbits there, yes. I guess.
However I think the bigger 'trap' in picking individual stocks is laid for the retail investor who believes whatever is promoted or mentioned on CNBC or held by a prominent investor/fund (Buffett, Icahn, Loeb, etc.) is a good thing for them, too. In other words, the BIGGEST trap for the little people is failing to do their own due diligence and going along with the herd mentality on whatever the trading talking points of the day are.