Re: Individual Stock Research
This may or may not apply to you, but whenever I think about owning individual stocks I think about all the times some clown in some division cuts a deal to get the quarter to work out right, and then a year or five years later some regulator finds out and the stock is down 25% in a few weeks. Think AIG -- heck even the invincible Warren Buffett saw his stock drop over 5% just for being in the news about selling the policy to AIG.
Give me a nice fund of value, small, or international stocks, heck, maybe all three at once. Been fried way too many times by individual stocks.
And there is always the risk you start spending all your time watching the screens to make sure you don't get blown up by one of these episodes. Then what kind of life do you have? You ER to take a stress-filled, low-paying job managing your portfolio full-time.
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)