Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Muthawamunene wrote:Since stock prices is the featured topic,I think this should be relevant.
There's this jamaa on wazua whose signature is 'love your wife, not your stocks.' you may think that its just a catchy, funny phrase (and undoubtedly it is), take time to give it more thought.
Take this scenario, ur at your brokers, your just about to make your order, your heart is racing, blood pressure through the roof, you may develop sweaty palms. If you exhibit two or more symptoms then you most likely need help.
If you track your profile more times than you check your facebook or twitter in one single day then you really really need help.
This is what makes some, if not most of us despite having done your research, analysis and valuation of company A's stock, end up buying company B's simply because the ticker jumped up by +0.5%!!!!, or because you heard the guy at the other counter place his order on company B.
Here's where real investors and wanjiku investors are put to the test. If you have done your home work, analysed your position and factored in all the possibe outcomes you could think of, then you as a value investor should confidently amua the stock, price range and quantity you want. Lack of these considerations is what leads to price chasing and we all know what that leads to...... disappointment.
As for portfolio tracking, i think end-of-day tracking shouls suffice and unless you are an investment analyst, then there is no need to check the prices every ten minutes. Ni kazi utafanya ama ni stocks utaangalia.
Try these methods and notice how you blood pressure will go down, that shortness of breath will disappear and that constant feeling of anxiety thats been nagging you (even on the weekends) will be gone. And you as an investor will live longer. Whats the use of making money if you cant live long to spend. PREACH!! In addition, I find it better to spend more time reading about what is happening in and around your invested companies. I treat my investments like a farm that needs tending. I get shocked when I hear investors say "i am buying this or that & forgetting about it." How & why do you forget?! These companies operate on Earth n' not Mars! What will happen to an investor who puts in money in Neveready <& forgets> after 10yrs of R.E.P? I don't have to react to everything I read but it is good for me to KNOW and review them against my initial investment case on an on-going basis!
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