What kind of investment professionals are you referring to?The really smart investment professionals place more focus on preventing losses, rather than on picking the winners
The really smart investors first focus on value investing but also have risk management strategies in place such as stop loss....exit strategies should also be on the upside....always rebalance your portfolio so that you don't overweight a stock too much.....The really smart investment professionals place more focus on preventing losses, rather than on picking the winners
The ones who make a lot of money for thier clientsWhat kind of investment professionals are you referring to?
Yup, NORTEL destroyed more millionaires than any other Canadian company. (RIM made more Canadians millionaire than any other company.)Nortel....... Very ugly indeed.
tboy, I don't understand how you lost money on Canadian Tire? I bought the thing at $20, saw it go to $80 before it fell back to the $50's due to the recession.Canadian Tire Class a: $72,00 per share $201,600.00
when I was laid off: 7.35 and I HAD to sell most of them.... $30,500.00
Around 1999 Canadian Tire, I remember, dropped from its high of $50+ all thetboy, I don't understand how you lost money on Canadian Tire? I bought the thing at $20, saw it go to $80 before it fell back to the $50's due to the recession.
Exactly. Walmart announced that it was coming up here and all retailer's stock plummeted to the basement.Around 1999 Canadian Tire, I remember, dropped from its high of $50+ all the
way to below $20. You were one luck guy if you brought it in 2000. I remember
it took 2--3 years for it to recover to its previous high.
Stock investing is more a game of timing than stock picking unless you
hold your position to death. I lost big time on this penny stock Fission Energy
when it shot from around $0.70 to nearly $1.80 and then fell all the way to
$0.50. Having taken a big loss I had the fortune of picking it up around $0.20
and ride it up to above $1.00 in just a few (6--8) weeks. Ain't gambling in
the Bay street casino fun?