Create a Portfolio With Growth, Sizzle and Safety
On Monday I had the opportunity to meet a subscriber, Patrick from Colorado Springs, Colo. Patrick happened to be in Los Angeles on business, and inquired whether I was available for a quick cup of coffee to discuss the markets and the challenges of being an analyst and portfolio manager. I do travel a lot and cannot often entertain such requests, but ask, and sometimes you shall receive. I was in town and had some free time, so we met to talk stocks.
Our lively discussion reminded me that there's no better way to understand than to explain. Until you can explain a concept to others, you don't truly "get it." Similarly, there's no better way to formulate your investment strategy than to justify to others what you are doing in your own account. Unless you can review your account with another person, position by position with the rationale behind each holding, you should sit down in a quiet corner and further contemplate your strategy....639 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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