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Friday, January 06, 2006

Mark Cuban has a few really good posts about investing.

"If you are going to trade stocks, you just have to follow one rule and remember one thing. That rule is always have a definite knowledge advantage about the company you are trading, and always remember that every stock transaction has a sucker, and you have to know whether its you or the person on the other side of the trade. No one buys a stock from your, or sells one to you knowing they are leaving money on the table.

The bottom line is that unless you plan on making it a full time job to do your research and put yourself in a position to have an advantage, you are going to get your ass kicked at some point by someone who does. You just have to hope that it doesn't put a big financial hurt on you when it happens"


I looked in to the stock market a lot last year and came to the same (well, similar) conclusions as Mark - but for different reasons. My feeling is that you just don't know what a stock is going to do - even in the best of times when you do all the research. Picking stocks is a full time job that comes with no guarantees. It is not just your money that you are investing - it is your money and your time.

...I think Mark is right on the money with his recent posts. If you want to invest, invest in yourself. I put my extra cash into an index fund. This keeps my time my own and it is relatively stress free.

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