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I just read about something and if it sounds good I buy some shares and hope for the best. In your opinion, are you better of purchasing say Best Buy or some known company than taking the chance?

This is so subjective a question, that what works for one, may not work for another. But I'll butt in and offer the thoughts your question brought up.

Your investing style is as good as it works for you. If you read about something, like it, invest in it, and make money (most of the time)....then it works for you.
I actually invest somewhat similarly to this. 85% of my decision to buy is based on news, products, customers. If all of those things tell me a company has something...then I will look at some numbers. I hate numbers, I am a literary person. I only resort to the numbers to see if they are making money or spending it on $3mill parties in Europe.

As for what you are better off buying....that depends again. Do you like risky stocks? That means that you should expect most of them to tank and one or two to that you end up with more than you lost. Do you like more stability? That means you can get fewer big caps and earn a little bit from most to cover the tiny amount you lose on a couple. Basically it all comes down to consistency, effort, and can you sleep at night.

So, for me, only about 10-15% of my money goes into stocks like CLYW. (and SIRI). The rest goes into more growth companies and dividend payers. But like I said before, I am consistent with my moves in each arena. Don't change you plan on emotion or wallstreet babble. Follow the plan to each milestone...only then re-evaluate.

Buffy (who isn't a guru, but has some war wounds to live with...)
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