S123420 Mar 2018 21:00
"sometimes you need to log off these boards, ignore any poster, me, or anyone" - absolutely. Well, wouldn't say necessarily ignore, but take with a pinch of salt, weigh things up for oneself, don't go by what someone else posts. They can provide useful info to research further upon, bus so many have their own agenda and/or want confirmation of what they are thinking.
"learn the principals, then seek out stocks by yourself.no offence to you, im sure you are a skilled investor" - yes. My skills seem to be lacking somewhat at present after successes over the years but it may well be the state of the market which seems to be kicking anything in sight right now if it doesn't come up with "beyond expectations" within their results. As far as learning principles etc., well, I have used the principles set out in Jim Slaters' excellent book "The Zulu Principle, how to make extraordinary profits from ordinary shares" over the years and it has been a great help in guidance. Also have read Robbie Burns, The Naked Trader, books - an easy and very useful guide to help. It's when I move away from the above, or forget those principles that I come unstuck.
"im talking about distractions that may influenece you.not to sell up or buy in, but to get bored or peed off with stocks and stock market.
why do i say that cos if you those companies and find them by your own, then you know you have picked them by your own skills, if you rely on confirmation from others, they could be wrong and later down the line you may feel they were to blame." - I NEVER rely on confirmation from others, and if I make a mistake I blame no-one but myself. When one points the finger at someone else there are 3 pointing back at oneself.
"but avoiding looking at the stock price and sometimes these boards can do you a world of good" - true.
"these blogs are good for motivation, enthusiasm, when you feel all is lost and stock price drops, but if the company still has good fundamentals, then switch off with a bounce in your step and remember investing is for the longterm" - true, but difficult. As I may have posted here previously, or another board, Jim Slater would say if one believes in the invested company and nothing fundamentally has changed then stick by it through the thick and thin times. On a vast majority of cases that would prove to be correct. But, difficult when weighed against Robbie Burns who would argue not to let a small loss become a large loss and that if one makes a mistake by selling and the stock turns then one can always buy back in.
I have been investing for many years Stuart. I, like everyone else still make mistakes. I make my own decisions, and am not (overly) influenced by JS or RB. I tend to use them as tools to TRY and make better decisions.
As for long term investing - well, some folk can look longer term than others. One thing for sure is not to be over invested
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