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Old 10-05-2007, 10:22 PM
kimchi kimchi is offline
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Join Date: May 2006
Location: FU minbet
Posts: 1,246
Default Re: online stock services

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looks pretty fishy to me. if they were that good at picking stocks they wouldn't need a website to make money. they could just be printing money themselves by following their own picks.

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Lots of people are excellent stock pickers, but fail to be able to pull the trigger or be able to manage their position psychologically.

The only problem I have with 'stock picking' services is that that's all they do.

A sound investment strategy needs much more than simply what to buy. You need to know how much of your portfolio to invest based on a risk assessment, and under what circumstances you will add to/trim/sell at a loss/sell at a profit, amongst other considerations.

Stock picking is only a small proprtion of a successful strategy, but it is the information most people want - and so most people will sell to you.
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