Skip to main content
No. of Recommendations: 0
Make sure they have good exit strategies.
This was something I wondered about TMF before getting into reading the boards. I'm all for buy and hold long term, but it seems fairly rare that they give sell advice unless a company is really dropping off the deep end like Lukin. They do post sell advice, but it's probably later than some would like? Is that their biggest criticism?

If you use a service, don't second guess them.
I made the mistake of thinking I could do this on my own over a decade ago, but that's because I was making decisions based on feelings and macroeconomics and not on specific companies. I thought a service like TMF would be helpful. They seem to be more of a hybrid. "Here are some suggestions we've researched that look good, and you should consider them." vs "Buy these now at this price and sell at this price."

you must first of all discover the story behind your selected stocks, one at a time.
This I'm very much looking forward to getting into, but I don't feel like I have enough experience to trust my own judgment yet. I can read and understand financial reports fairly well, but I haven't kept up enough on industry news. I might know that Company A looks great on paper, but have no idea that B,C, and D are chasing them with some kind of competitive advantage. That's where these boards have already been helpful as it provides information and a starting place to look on my own.

I hire a plumber, a mechanic, and a web developer to do things I can't do well on my own. I can do a little of all 3 of those, but it's worth the investment to pay someone to do it well. Shouldn't I do the same with investing? Maybe I should reconsider and just hire a broker instead, but I'm not thrilled about the idea of someone else managing my money. Plus I'm doing this for enjoyment. TMF can act as speudo-broker that doesn't give me enough sell advice. :)
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.