Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Another reason I like Indexing
Old 10-20-2013, 10:51 AM   #1
Full time employment: Posting here.
urn2bfree's Avatar
Join Date: Feb 2011
Posts: 759
Another reason I like Indexing

I have been out of individual stocks for over four years, but every few months I get another reminder of one of the things I hated about owning individual stocks. I just received another notification of a class action lawsuit about owning a stock from some date to another. These usually settle for something like $50-$300 for me but are a huge PITA trying to dig up documents from many years ago of when I bought which shares, etc. I guess I could just ignore them and know that it would not have bothered me if I had remained ignorant, but it is hard to put that toothpaste back in the tube. I do, however, feel grateful that someday in the future I should stop receiving these notifications as individual stock ownership fades ever farther in my rearview mirror. With so many of these fraudulent stock deals, it all just reminds me what a racket stock trading ultimately has become.
Oh, I also do not miss all those meaningless proxy votes.

urn2bfree is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-20-2013, 04:44 PM   #2
Thinks s/he gets paid by the post
Onward's Avatar
Join Date: Jul 2009
Posts: 1,780
I didn't mind the paperwork so much.

What bothered me about individual stocks was trying to figure out whether they would go up or down.

And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 10-20-2013, 05:49 PM   #3
Thinks s/he gets paid by the post
Major Tom's Avatar
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,264
When it comes to fixing computers, there are a lot of people who think they know an awful lot more than they do. In actuality, they know just enough to cause quite a bit of damage.

I figured out early on that I was the same way with individual equities, and that my level of knowledge was unlikely to increase. For that reason, I index. I do have small amounts in GOOG, RAX and BIDU (having just sold my position in MAKO) but as I sell my small positions in these stocks, I will not be buying more.

Ownership of individual equities is just not for me.
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Old 10-20-2013, 06:45 PM   #4
Thinks s/he gets paid by the post
seraphim's Avatar
Join Date: Mar 2012
Posts: 1,492
I would have to learn far too much to get involved with individual stocks, or deal with an FA. I see neither the need - or the profit - in doing either.
"Growing old is no excuse for growing up."
seraphim is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Quick Links

All times are GMT -6. The time now is 05:06 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.