Most investors don’t know it, but wholesaling used cars is a red-hot business. This is why Cop...
Rules of the Road
07/11/2009 11:08 pm EST
Beyond that general principle here are some explicit promises to you from me.
I eat my own cooking. Well, not always. But often. That is, I invest my own money in many of these picks. Sometimes a pick doesn’t fit my personal asset allocation plan or my own investment time horizon and then I won’t buy that recommendation. But much of the time, for better or worse, we're investing in many of these positions together.
I don't buy or sell ahead of readers. I don't buy shares in a stock before I write about it, and I don't sell shares before I post a sell in one of my columns. I'm not looking for a short-term profit at your expense.
My three-day rule. The requirement for any portfolio on JubakPicks.com is that I don't buy or sell a stock until three days have passed since I posted the blog entry that contained the recommendation for that particular buy or sell.
I'll disclose an existing position. Sometimes, I do wind up recommending a stock that I've owned for a while. I'll always note that in the column. Then, I'll follow the usual rule: no selling until three days have passed since the blog entry was published.
I don’t short stocks. Ever. There’s nothing wrong with shorting a stock, but being successful at shorting is an art all its own—and one that I don’t think I’ve mastered. In addition, shorting is a highly emotional issue for many investors and I get more than enough grief as it is, thank you very much, when a recommendation goes bad.
Disclosure. At the end of every blog entry, you'll find a complete disclosure listing the names of every stock I own that I've mentioned in that particular post.
Related Articles on STOCKS
That doesn’t mean Best Buy (BBY), Target (TGT), Macy’s (M), Home Depot (HD) or others ar...
For those new to trading, new to me, or my methodology, I think the following ground rules will help...
When it comes to new technology, nothing’s quite as cutting edge as driverless cars, or autono...