A Lesson in Investing Learned (REV) So about 10 weeks ago or so I registered
to Play along with CNBC's Million Dollar Portfolio Challenge just to see how
things would go with a company that I had been watching rather closely--Revlon
(NYSE: REV). Within 10 days I was way down as the stock fell in value. Feeling
like not trying to win any longer, I stopped logging in to the CNBC website to
check my portfolio holdings.
That's my suggestion: Try your best to remain emotionally neutral. If you've
made sound investments and done your research (that would be suggestion number
2: Don't buy something just because your broker or financial adviser says so--do
the research yourself and form your own conclusion) you can stick with them and
expect to come up a winner. This is exactly what my bet on Revlon reminded me of
because out of curiosity this morning I checked-in for the first time in months
to see my contest portfolio. This time around I noticed that I was in the top
19% of contestants and had made a nice 8.3% profit--All with Revlon.
http://stocktradinginfo.blogspot.com/2007/07/lesson-in-investing-learned-rev.htm\
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