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Retirement Discussions / Retirement-Soon or Done
|Subject: Re: Sell or Hold?||Date: 8/12/1999 11:23 AM|
|Author: GrayWulff||Number: 74 of 169|
I don't know the companies involved, but as soon as something happens to one of my stocks that I don't understand and can't get good info on, I sell. Risk taking is necessary, but blind risk taking is not.
My universe is US stocks. The SEC ensures we can get consistent information about them; acounting rules are strict and quite well enforced.
I've heard it said that UK companies have decent reporting rules too, but I don't understand the rules and don't feel compelled to learn them. Provincial perhaps, but the US stock market provides all the hunting ground I need. I'd rather improve my knowledge of GAAP in the US than confuse myself.
It's a personal decision, of course.
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