Pierre

Sep

23

Lessons Learned!

Filed Under Daily

1. Stay away from Biothech companies… their stocks are really volatile, meaning very risky. There are a lot of day-traders playing on their values. GERN is one of them.

2. Prefer tech companies when the economy is recovering. Their values go constantly up (Cisco, INFI, etc…). Especially when their value was at the bottom last year (2008-2009).

3. When you get the chance pull out with whatever gain you may make. The biotech company’s stock, YMI, went all the way up and all the way down. I was glad I pulled out after the peak value.

4. DIVERSITY is key. Do not invest in one single stock no matter how good it seems.

I now invest in American banks, the big mammoths that survived. I am quite sure two of them will bring me huge profits.

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