I like that "diversified" approach, that's good advice. Another story like yours Frankie that I've got is about Sir John Templeton.
Between, WW I and WW II during the depression, John Templeton from Tennessee bought all the cheap stocks under a dollar (diversification again) that were available on the stock market. WW II came and lot of those companies shot up making him very wealthy. He said he knew that would happen because when war comes, so does scarcity of all goods, because the military demands a lots of supplies.
He started the Templeton Funds which was headquartered down here in St Petersburg, Florida, where I live, and was at 700 Central Avenue for years. He became so rich and was such a philanthropist because of all the money he had, that the Queen of England Knighted him as Sir John Templeton. In the late 80's he and John Galbraith (who lives up in Virginia now closer to his kids) sold to Franklin Resources of San Mateo, CA. Now you see the adds for Franklin-Templeton Mutual Funds. Franklin built a campus of new offices up on Ulmerton Road and moved out of 700 Central Avenue (too small).
Sir John Templeton lives on his own island now down in the Bahamas.
But of course, that's not how everybody on iHUB does it, by diversification. No, they follow the hype trying to time the market. They're looking for a momentum play. They look on the home page of IHUB and see that SLJB, is the most active board. They go to that board and everybody is saying nice things about SLJB and before you know it the "crowd" of messages influences them to go over their head to their last dime and every thing they can borrow on their credit cards and/or pull out of their house's equity because GREED, a basic instinct everybody's got, makes 'um wanna be rich but then SLJB's stock price hits a peak, goes sideways and then down and they feel it real hard financially, FEAR, another basic instinct we all have, starts to set in.. It wasn't supposed to be that way so they'll probably blame Steve Suljia of Suljia Bros Building Supplys (SLJB) but the one to really blame can be found in their mirror. They don't know what they're doing, following some crowd hype about a penny stock that they actually didn't do any due diligence (DD) on themselves, they're just following the leader on some message board. They've got money in a brokerage account and expect a message board to teach them anything else they need to know. It really doesn't work like that. Many people pay dearly to find that out the hard way.
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