Message Boards

DRiPs for U.S. Investors
Moderator is George L Smyth

Date: 1/2/2009 11:30:43 AM
Frequently Asked Questions
Author: nic1 Country Flag
Subject: 16445/21962 - Re: Chuckie Picks Brystol-Myers Squibb
<= Previous              Post Response              Post New              Next =>
Message:
Thank you for the nice reply,

I got frustrated with advisers a while ago when I started learning how to read a balance sheet. What advisers say is usually true but not the whole story. They omit important things like where the money came from. They also don't analyse both sides of the medal. OB's link is a good example. Companies will also be optimistic about their forecasts. Have you ever seen the opposite? (Because of bad management, we'll lose a lot of money)

I'll admit that reading balance sheets can take a long time and some practice (And it can get boring). That's why I only have a look at new companies when I get a reason to (OB's post)

Advisors remain important because they can set the context of certain industry and competitors. This is something that's hard to research and analyse when you don't do it full time. There is also so many US DRIPs available that it's impossible to check them all out. It is in this context that I'll appreciate advisor comments.

I added Jason Zweig's website as I loved his comments of Benjamin Graham's Intelligent Investor. The book is a great introduction to investments with modern examples. Zweig's thought of the day give a lot to think about.

Cheers



I've fixed the links.
 
<= Previous              Post Response              Post New              Next =>

Support DIRC - Buy Amazon
Books purchased through the links in the Books section help support this website.
Even if you do not buy the linked book, any purchase where you originally got to Amazon.com through the link is beneficial.
Your support is appreciated.

Author Profile
  Number of Messages Past Six Months: 0
  Location: Gatineau
  Fav. Companies: EDV, GAZ Metro, SWS, UUU(non-drips) plus my drips
  Inv. Style: Little by little, build my portfolio...
  Website 1 : www.xkcd.com
  Website 2 : Divestor.com
 
(Number in parenthesis is unread messages)
   DRiPs for Canadian Investors (39192)      Beginners Corner (19550)      U.S. Money and Tax Matters (4894)      Canadian Money and Tax Matters (9278)   
   Stock Talk (19931)      Overlooked Stocks (3217)      MoneyPaper Specials (2623)      Share Exchange (35174)   
   Brokerage, T.A., & Bank Accounts (3413)      Bugs and Recommendations (3159)