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Re: pauljack13 post# 1020

Friday, 09/28/2018 11:37:42 AM

Friday, September 28, 2018 11:37:42 AM

Post# of 2133
I've bashed that stock for 2-3 years. It was an organized Stocktwits pump before it moved to IHUB in January 2018. I think PB suffered terribly with RNVA which was the only reason he left. That was around the time he went into a hospital.

While many rabid pumpers are compensated shills, some people just fall in love with a stock. There have been penny stock related suicides, often as a result of repeatedly averaging down.

IHUBbers make all sort of investing mistakes. The most obvious are picking garbage longshot stocks or fad stocks. But another common mistake is lack of diversification... all eggs in two or three baskets. I see some fairly wealthy guys doing that. But owning a broad portfolio is vital. In my case, I own index funds plus about 15 individual stocks. And Bonds, etc

It's no mistake that Buffett has his money in BRK with about 90 holdings and in a number of stocks (like SRG) held in his own name, outside of BRK. Even in Buffett's youth, he was always diversified.

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