CXY cougar energy limited

Lionel 13. I hold cxy, aoe, ccl and abs. The best adviser is...

  1. 113 Posts.
    Lionel 13. I hold cxy, aoe, ccl and abs. The best adviser is yourself. Trust me,I took advice from a broker to buy abs (abc learning) and 1 month later they dropped from $4.50 to $1.15 overnight. I rang them and was advised to buy more to bring down average and foolishly did so, I could have then sold on the bounce for a small loss at about $2.30 but was advised to 'hold'. The rest is history. Best part is 'advisers' take NO responsibility, and are mainly interested in you buying or selling something to get a commission. I had a financial planner from a prominent bank just lately trying to get me to 'triple' gear my investments, which means you borrow money on say your house to buy shares, then borrow against those shares to buy more shares and then borrow against those shares again to effectively triple your exposure to gains in the market. Very risky if things go bad. He actually told me he had invested $165000 and in 6 months lost $70000.And he is an adviser. It's like letting a truck driver fly for QANTAS.
    I think that the only way is to learn yourself. That way you are in charge, but it does take effort.
 
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