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Re: wow_happens28 post# 30

Saturday, 07/09/2022 10:48:52 AM

Saturday, July 09, 2022 10:48:52 AM

Post# of 54
While RIBT sounds interesting, I wouldn't get married to it or any other stock. I used to follow a some small caps very closely (I thought), but in the end my analysis turned out to be wrong and the companies ultimately bombed out. So I no longer trust my own ability to accurately analyze a stock, at least not well enough to have a big position. That was the logical conclusion to come to, so now I stick to broad index funds, with some sector funds and individual stocks thrown in, but with $1000 limits, and all within a disciplined asset allocation model. The results have been much better, with individual stocks relegated to a fun hobby, so it's a win-win. No chance to get rich quick, but 'get poor quick' is also eliminated as a possibility :o)

That said, RIBT might end up being a great turnaround stock, but remember what Warren Buffett said about turnarounds in general - “turnarounds almost never turn around”.




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