I added a link in my sidebar to an Exceptional Blog called The Kirk Report. The author, Charles Kirk, appears to be an accomplished investor. For the last few years, the amount of time I’ve spent thinking about wealth expansion and making a comfortable living, I’ve been following the theory of passive investing, that is putting in money to invest in the stock market as a whole, with long-term goals. My IRA is in an index fund and my 401(k) mainly invests in funds that are close to indices of various sectors.
I’ve been thinking, with predictions of a much slower general market upturn abounding, that it may be time to put some research into more active investing. If I put enough time into it, there’s no reason I can’t do as well as others have in the stock market.
That is the temptation that draws many people to the stock market. The trick is to remain cool and intelligent. The key is doing research and not investing in a company solely because it feels good or I have a hunch about its future success. Anyway, it’s something to think about.
Updated February 6, 2012 and originally published August 9, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.