It Seems I’m Not A Shark
Posted by admin in Investing
Last week I reviewed the new book Invest Like A Shark, which advocates an in-and-out, take-a-bite-and-swim-away sort of approach to investing over a buy-and-hold philosophy, the point being that buy and hold means you could be holding for a long time. I decided to give this shark Investing a try.
I'm no shark.
I give huge amounts of credit to people who manage to trade and make a living from it, because in my short experience it's time-consuming, stressful and (at least for me) unsuccessful. Identifying buying opportunities, jumping in at the right time, jumping out at signs of danger-I'd love to say that I have the swashbuckling style that feeds off such an adrenaline rush, but mostly I just lost some money and felt bad about myself for being too dumb.
It's too bad, because I did enjoy reading the book, and it had me fantasizing excitedly about devouring the market with my mighty Jaws. Alas, no.
Back to the drawing board for me.
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I can’t trade in and out quickly either. I find it a lot more rewarding to research and identify long-term trends and use those for bigger gains.
I have been pretty unsuccessful at this – partly because I have a day job and I think that this type of trading takes constant monitoring of the website. I like to let my portfolio do the work for me.
Maybe a little tweaking to it, and you could become a good value investor. Does not necessarily need you to be a shark…Just do your research and trust your instincts.