Brian’s Financial Musings

Let’s talk a little investing today.  I used to have my broker license years ago and learned enough about investing to find out two things – I can’t pick stocks and fell in love with my picks.  I still manage my own investments, but subscribe to an investment service to pick my stocks.  One thing I did learn from them is when to sell a stock.  This may be the hardest thing to learn in investing, but if you don’t learn it, you can wipe out any gains you make overnight.  I know I have mentioned this before, but you need to use trailing stop losses and not put more than 5% of your investment money in any one idea.  Tomorrow I will go into portfolio allocation and the next day, trailing stop losses.

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