Trying to tell me how to suck eggs.
I've only done poorly when I haven't listened to my own thinking.
To be successful you need to:
- Get the top down right (economy / sector outlook)
- Get the bottom up right (company research / outlook)
- Be diversified
- Risk weight your holdings (hold less of more risky stocks)
- Keep an eye on companies in your watchlist
- Be open to new opportunities
- Be brutal about selling (with profit or loss)
Everything is dependent on your chosen timeframe of course.
I run on a 6 month to 3 year timeframe when analysing stocks for opportunities.
Super isn't needed for 20+ years in my case.
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