Friday, 22 January 2016

Why doing nothing is profitable in investing

Don't feel you have to trade today!  Wait till the time is right.  Just for my own benefit, today was a prime example of this in action.

One of the stock tips from "MoneyWeek" I picked up on is cyber security business, NCC.  Recently the person who provided the tip pointed out that NCC is up over 112% since recommendation.  But for me, that's 133%.

The original recommendation was on 12 January 2012, but I bought in on 12 April 2013.  I then had the uncomfortable experience of watching the stock rise a fair bit, before coming back down to earth.  Then I bought, and have enjoyed a roller-coaster upwards drift since.

Be happy!  If the price isn't right, walk away, leaving it on your watch list.  Other opportunities always exist, or will be along shortly.

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