Well playing high stakes blackjack is more exciting than buying mutual funds too, but one is a significantly more effective investing strategy (at least in my experience).

Not equating what you do to gambling, but I go by the most important 2 rules in investing:

Rule #1: Never lose Money

Rule #2: When in doubt, refer to Rule #1

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Posted by Bayou Tiger

Member since Nov 2003

3660 posts

Posted on 3/11/13 at 9:49 pm to Vols&Shaft83

quote:
Rule #1: Never lose Money

Rule #2: When in doubt, refer to Rule #1

This is ridiculous. I would have missed out on way more winners than losers with this approach.

What is the logic here - invest in CD's, put your money in a mattress, or just hedge everything to the nth degree (a cost in itself, especially if used on everything)?

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Posted by Fat Bastard

coach, investor, gambler

Member since Mar 2009

73835 posts

Posted on 3/12/13 at 8:57 am to Vols&Shaft83

quote:
Not equating what you do to gambling,

that is right because it is not to make the comparison you did above is comparing prunes to oranges...forget the apples.

quote:
Rule #1: Never lose Money

you make trades you will have losses whether it is stocks or futures in the short term, possibly even long term. many fail. The key is having a plan and know when to cut your losses so they do not hurt you LONG TERM.

The only way to guarantee that is basically do not invest then. You can lose money in basically anything.defaults can happen.

LINK

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Posted by LSU0358

Member since Jan 2005

7921 posts

Posted on 3/13/13 at 10:18 am to Vols&Shaft83

quote:
Not equating what you do to gambling, but I go by the most important 2 rules in investing:

Rule #1: Never lose Money

Rule #2: When in doubt, refer to Rule #1

There is nothing wrong with losing Money, aka taking a loss. The key is to make your losses small. AKA having good risk managment.

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