invest in what you know

Invest in what you know (or pay someone else to do it for you). Throughout the weeks I will try to give you sound financial advice, picking a stock and letting you know my recommendation, which I will explain in depth. However you should always invest in what you know. For example, based on the recommendation of someone I know, I bought in to this bio pharmaceutical stock about 4 years ago. I know nothing about bio pharmaceuticals. I had an extra thousand dollars that I wanted to play with and see how I could do so I loaded up on this one stock at a price of about $22. Over the next four years the stock made it to $25 and then dive bombed (not because of the economy) and is now hovering around 0.32 cents. That was a great return! So as this story shows, I could give you all the reasons in the world to buy something but in the end you should do your own research and compare it to what I (and other people) are saying. By the way, if I am totally off on my research let me know.

Also, market timing is great, but the best thing is just getting in to the game. One of my buddies just emailed me this morning with a fund he got in to. He bought in to the fund right after the worst 3 months of the year and right before the best 3 months. Pretty cool but he had no freaking idea he was doing that.

So do some research, EDUCATE yourself and get in the game.

Good luck