Most of you will be excited that I'm done for the year and wont be posting anymore. Happy Holidays to all!
Parting thoughts re categorizing Lynas as an investment opportunity and the sliding scale of investor success.
The Terrible Investor averages down on a bad stock. They pretty much quickly take care of their own destiny and blow their wealth only to start over with zippo.
The Average Investor holds on to a bad stock through inertia, rationalizing that its only a small part of their portfolio and they can afford to take a loss with a pinch of hope/denial tossed in. They ride it down and their losses are masked by good performances elsewhere in their portfolio.
The Good Investor cuts his losses and takes his lumps on a bad stock and reinvests the recovered loss principal into another stock with the learnings of the previous experience.
The Great Investor masters the ability to minimize the initial investment mistake (again) in the first place.
You don't walk before you can crawl, and you don't run before you can walk. You also don't become a great investor before you become a good investor.
Wishing everyone the best for being a great investor in 2015. Now where that Heradura Gold Marguerite.
The Last Post
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.15 |
Change
0.000(0.00%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 611 | $6.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.85 | 3904 | 4 |
View Market Depth
| Last trade - 09.40am 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |
Day chart unavailable