2007-07-17 22:44:02 · 6 answers · asked by ringko 1 in Business & Finance ➔ Investing
Caution is always the right word. No broker is that good over time. Getting 5 out of 5 right in a heavy bull market is not a miracle.
If the stocks don't work out it's your loss, your responsibility. You gave the final "OK". If you did it out of "trust"... that's not good. If you did it because you also did research and felt the same way..... that's the way to go!
If you got 2 of the five correct that would have been "OK" as long as her risk/reward ratio was right. In other words if the losses were1/3 the average gains... you'd be doing fine.
Inversely, if she got 4 of 5 correct but the loser wiped out your gains (and more) on the other four........ the 4 of 5 wouldn't be a great statistic.
Money Management is actually more important than picking the "winners". The second you lose site of this... your screwed.
2007-07-18 00:48:31 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
Repeat after me: "Past performance is no guarantee of future results."
Still, it sounds like she has a good track record, so keep some in reserve and then go with her advice with the rest.
2007-07-18 05:53:26 · answer #2 · answered by Asher S 4 · 1⤊ 0⤋
Try the "Magic 8 Ball". It'll give you a more accurate answer.
2007-07-21 19:58:23 · answer #3 · answered by Let me steer you 7 · 0⤊ 0⤋
ask him his reason of buying and selling the stock.
if he can give reasonable answer, he know what he is doing. but if not, he is just a bit lucky then.
Stock Investing for Beginners
http://www.stock-investment-made-easy.com/
2007-07-18 06:20:14 · answer #4 · answered by BigBen 5 · 0⤊ 0⤋
toss a coin, hes one for you buy oil its going up
2007-07-18 05:54:47 · answer #5 · answered by Antoni 7 · 0⤊ 0⤋
Dude! As long as she is helping you make money - go ahead with her :)
2007-07-18 05:51:45 · answer #6 · answered by picaresque_82 2 · 0⤊ 0⤋