Comments on: “Companies I Love” Stock Investing Strategy Update

By: J. Money

J. Money — Thu, 13 Dec 2012 01:56:34 +0000

@Jon B – Glad it helps! :)
@daveM – Yeah, good idea too. Especially if you’re playing a lot more riskier w/ your money than other investments – it’s good to cap it at a smaller % until you figure out what works/etc… or maybe until your risk tolerance changes ;)

By: daveM

daveM — Tue, 11 Dec 2012 18:14:58 +0000

One small suggestion is that you limit your position sizing so that you are not exposed for more than 4 – 5 per cent of your fund on any one security. That will allow you to upgrade your holdings more often.

By: Jon B

Jon B — Mon, 19 Nov 2012 21:07:34 +0000

Good points! Thank you!

By: J. Money

J. Money — Sat, 17 Nov 2012 17:35:48 +0000

Haha no – actually those were 2 I also tried myself just ‘cuz it was the closest thing to investing in blogs/money advertising :) My friend who recommended those others up there told me no way in hell he’d put money into RATE or QNST because the numbers looked horrible but I didn’t listen… and was def. right on those! If only he was right on the others too ;)

By: Evan

Evan — Fri, 16 Nov 2012 19:40:55 +0000

Rate and QNST? who made those recommendations – another blogger?

By: J. Money

J. Money — Fri, 16 Nov 2012 14:16:39 +0000

I bet your right :) But that’s also not as fun nor 100% guaranteed to be successful either or else all professionals would be right all the time… Cool you’re blogging about everything though, I’ll have to check it out – thanks for stopping by.

By: Chad Turner

Chad Turner — Thu, 15 Nov 2012 21:44:54 +0000

hey everyone just wanted to drop my two cents in as a former stockbroker turned individual investor. I have found that investing emotionally, and yes that does mean in brands that you are in love with, not to be such a great idea. Its really good to have a great experience with a brand or company, but every technician will tell there is a difference between XYZ the company and XYZ the stock. I tend to follow macro moves of the market with index and specialized ETFs and use market based indicators to move in and out of investments. I have had good success with this strategy over the last two years. I journal my thoughts about the market daily on my blog. Good Luck Everyone…

By: J. Money

J. Money — Thu, 15 Nov 2012 12:43:17 +0000

@Janine @ My Pennies My Thoughts – So far so good :) I’ll have to keep my eye on them as time goes by to see if it’s a winning strategy or not… But so far I’m liking where it’s going!
@Jon B – Worth a shot, right? You can always go back to recommended funds at any point too down the road :) I’d just make sure the bulk of your investments are good to go if you’re planning on picking stocks here and there for fun like I am… I wouldn’t dare do it with all my eggs :)

By: Jon B

Jon B — Thu, 15 Nov 2012 12:17:44 +0000

Good post…I’ve been thinking about selling off the mutual funds I was recommended into and its refreshing to see someone else who has done just that. Mine will be at a loss too, but I feel like things could get a lot worse and I might be better managing my own money.

By: Janine @ My Pennies My Thoughts

Janine @ My Pennies My Thoughts — Wed, 14 Nov 2012 22:47:52 +0000

I think investing in companies you are passionate about is a great way to go out investing. If you don’t believe in a company and share some of their values, I personally don’t think they make good investments… and you proved that right here!