The average punter should stay away from the speccie end of the...

The average punter should stay away from the speccie end of the ASX, lest they find themselves walking home in a barrel. And as for financial advisors finding you the holy grail - forgeddaboutem! They're too busy trying to protect their own behinds to get out and make fortunes for their mum and dad clients. Because by and large they can't do it! It's the risk, you see. And no risk, no reward. Now the sophisticated punter - that's a different animal. Put on to many a resource stock that promptly goes nowhere, despite the upfront discount. And on a personal note: in this uncertain age of peak everything the last thing I would call myself is a sophisticated "investor". I do agree though that the punter who does his/her DYODD (FA and TA) before taking a leap with a speccie deserves to have the occasional win. And as an aside for some here: if you don't do your dd then don't start whingeing when things go pear-shaped. I've done mine, and for the moment I'm happy to stay in.