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Re: Churak post# 26

Sunday, 11/19/2006 5:09:30 AM

Sunday, November 19, 2006 5:09:30 AM

Post# of 72
Some excellent posts already, on this very young board! I'd like to add one myself, but to do so would assume I am capable, which could be the farthest thing from the truth! LOL

I have found, no place will a person (newbies, particularly) be humbled quicker, than in the stock market. Problem is, confidence in one's own intelligence leads people to jump in shark infested waters without first even knowing how to swim. I've been there! LOL

The lure of easy money has a very strong appeal, and it is that very appeal that is the demise of any and all who come, that subsequently, go.

The old "if it's too good to be true" should be the first red flag, but unfortunately, the "lure of easy money" overwhelms the common senses far too often.

I seriously doubt even one single member joined IHub with the intention of losing all their savings/investing capital, however, I am quite sure there are MANY people who have joined, lost bundles, and moved on, telling themselves that investing is not for them.

Nothing could be further from the truth though.

The key to STAYING, is using all the tools available, and the greatest tool of all, are our own brains and common sense. Humility is a pre-requisite (until you've risen to Shakerz status).lol

I am continually repeating, "the tortoise alwins wins the race". It's funny how a simple fable applies to profitable investing (note: I did not say trading).

Now, IHub is growing by leaps and bounds, and it would be safe to assume that these new members are not primarily experienced investors, since the majority of experienced investors found IHub long ago.

IMO, it would do well if IHub created a specific:

"Welcome to IHub. Value your money? READ THIS BEFORE PROCEEDING!"

paragraph that stops ALL new members in their tracks, and makes them stop and think.

Perhaps even a fixed period of time (1 week?) of study on the knowledge ladden boards, before being allowed to 'swim with the sharks' on other boards such as Momentum Players and BB's Penny Haven (the two surest boards to lose a lifesavings on).

IHub has MANY great boards for learning, but the first and most important thing newbies need to know, is just how much a newbie they are.

I have an old saying: the older I get, the more I realize, how little I really KNOW.

There can be no greater single sentence that will do more for the new investor than to emphatically understand that.

Unfortunately, money burns holes in pockets, and the desire for knowledge usually does not come until AFTER one realizes how much they need it. By then, a fortune has already been lost.

Since education is the key to success, learning about companies is second to learning what makes them good or bad investments.

Dilution, (MM) manipulation, paid promotion, and false representation, IMO, are the four most important things ALL serious investors need to be fully (or atleast fairly)knowledable in, before dropping one single buck into any company.

Perhaps if a few others suggested to Matt, a 'certified primer course' for all new members, he would see the benefit as being one that would ensure new members are equipped well enough to survive to become long-term members, which of course, would be conducive to IHub's own ends.





"Took me 3 long years to make a million bucks overnight, and the following day, I lost it all (in the stock market)!"

(LOL...joking, but not impossible)






L~



"took me 3 long years to make a million bucks over night"

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