The Good Samaritans

[bar1080]

From the interview, I see that you've done what I often do, which is to examine the Birthing of Penny Idiots. They arrive on IHUB admitting they're newbies. They may ask a few sensible questions. But quickly -- often in about three weeks -- they'll adopt the whole "Penny Player Package," especially the ritual of blaming shorts and MMs for every disappointment... scapegoating. It's like a gang initiation. No one expresses doubts or asks questions at gang initiations.

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Something you're wrong about:

One of the wrongest things an investor in REAL stocks can do is grabbing profits quickly. The best investors I know rarely sell stocks. There's a famous SA member who claims he's never sold a stock, and he's worth millions.

I've often posted about the obscure Voya Corporate Leaders Mutual Fund which hasn't picked a totally new stock since 1935. LEXCK had done very well. With real stocks, losses should be taken quickly; profits rarely or never. The idea is to die with tons of unrealized and untaxed capital gains. That's good investing and great tax planning.

Here's an Arizona State University paper that demonstrates that very few stocks beat treasury bills and it discusses how important the rare winners are to portfolio success. Fact: Almost All Stocks Are Poor Investments. So it's vital to hang on to winners.
https://wpcarey.asu.edu/department-finance/faculty-research/do-stocks-outperform-treasury-bills