New To Actually DOING IT - Please Audit My Picks
Q: I am looking for some environmentally friendly social conscience type stocks to go for - and that's where I am stumped. Anyone have any suggestions?
A:
It's like those fools who were written up in the Wall Street Journal
recently, because "one of their own kind" ripped off their life savings by
preying on their fear, in that instance, of "whitey's world". The markets
don't care what gender you are, what your skin color is, what
your religion is, what other cultural groups you might be ide
with, or much of anything else other than the color of your money (greenback
dollars or system equivalents are generally appreciated in this country
but almost any currency will get respect these days), and whether you know
what you're doing giving orders. It's one of the nicest features of the
markets. Go looking for trouble with "your own kind" and you're bound to
find it. Trouble. Not good investment, nor trading sense.
This is only common sense from a 39+ year veteran of the markets who
got into trading quite specifically because I was a member of a cultural
group which was viciously discriminated against in housing, education,
human rights, civil rights, and employment in the bowels of Colorado at
their so-called state university and in the surrounding homosexist
narcophony cesspool. There was no renumerative employment available to me
(a hetero male), so I took up trading stocks and eventually learned how.
Cool. Spend it sparingly. Never get so caught up in the words
"investing" or "trading" or whatever as to forget that when you part with
some of your money, that money is GONE! Only maybe you'll get something
back later, or much later. May be more than you had before, may be less.
You may never get it. Don't delude yourself, when you buy a stock, you have
SPENT the money.
Subject to my own trading rules, designed over 39+ years to provide me
with some chance of survival doing the risky business of trading stocks, I
am an extremely cooperative and facilitative person. I buy stocks and
provide cash to the market when everybody else wants to sell. I sell
stocks and accept cash from the market when everybody else wants to buy.
Yes, there are major elements of "what is it worth?" in my deciding
what I am willing to buy at all (when everybody else wants to sell), but
on the sell side, I'm typically quite willing to accept my own best
estimate of "full value", rather than having to wait for overpricing, at
least to the extent of enough of my position to establish the rest as
"fully PaidFor stock", which means that I have recovered all of my original
cash. Enough to pay the taxes on the realized gains, a little something
for my billfold, and the rest of the shares to tuck away in my vault to
'let my profits run'.
In the general sense of the term, "on sale" (when it is true at all)
means "merchant wants to reduce inventory, and so is reducing the price to
get the stuff off the shelves and out the door". That is how the market
works, you know. When buyers are wanted, the market reduces prices. When
sellers are wanted, the market increases prices. I like to go where I'm
wanted. That's my style.