atans1

Investment advice for 2017

In Financial competency on 10/01/2017 at 4:49 pm

If u attend investment seminars in S’pore, u’ll see a lot of oldies dozing off but waking up to write down stock market tips. That they are still fishing for tips at their age show that tips don’t work. But then these are ah peks are like the anti-PAP cybernuts.

From NYT Dealbbok:

LAW OF AVERAGES

It’s Time to Ignore Advice About Which Stocks to Buy in 2017

The temptation for financial experts to offer stock tips is almost irresistible, but history shows why taking them is a bad idea.

But

COMMON SENSE
A dump truck unloading ore into a crusher at Freeport McMoRan’s Grasberg copper and gold mining complex in Indonesia in 2015. The copper producer was a contrarian bet in 2016, but finished the year with its stock price more than doubled.

2016’s Winning Investors Talk About 2017, and Donald Trump

Investors who made the correct — and often bold — calls of last year see opportunities in the uncharted waters of the year ahead

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