I'm a self employed businessman who started trading in Sept 2011. I did OK my first year, I guess, being ahead $30,000 just by holding Apple. But I made a fatal mistake and kept holding. I didn't have a plan.
I've learned a lot about investing these past few weeks, as I watched in shock the past 6 months as the Apple crash ate away at my funds.
I now know how to invest. I have a method and a plan, and feel free to check it out and let me know what you think.
Good luck, everybody!
I was trained in finance, but work in strategy. I invest very infrequently, and balance my portfolio once a year. I buy and hold hold indices and volatility ETFs. I trade a little bit on the side, but that's pure gambling, for fun.
Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Rangeley Capital and his value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for its investors and then Mr. DeMuth writes about them on StW.