Can’t see the Wood for the Trees

Monday, 18th January 2010 22:02 - by Boredmum

The saying ‘Can’t see the Wood for the Trees’ is definitely true. Quite often, when you are right in amongst things, you just don’t see what is right there in front of you. For instance, take the chat forums. It is easy to get caught up in the camaraderie as you speak with posters on a regular basis and all have the same belief in the chosen company. Sometimes that camaraderie takes over and you haven’t noticed that things within the company have changed. It could be that you get caught up in a bit of banter over conflicting views that runs on with particular posters and you become so caught up in the ‘I am right’ mentality that, again, you don’t see what is staring you in the face. Sometimes it pays to take a step back and re-evaluate your shares. I can assure you stepping back means that you see things more clearly. We all do a bit of research prior to buying shares in a company, but it is good every so often to take some time to read over RNS content again, Google the company name, see if there is any news content available for them, and Google the Company Directors to see what other companies they are involved with and what their track record is. Research doesn’t stop after we have invested. It is probably more important to re-evaluate after we have invested. So, take a step back from time-to-time and make sure you can see the Wood clearly from the Trees.