Thought this may be a fun thread idea and have been lurking for a while without ever seeing a similar one.
ITT: Share your thoughts that may go against the grain of mainstream advice relative to investing/perhaps personal finance too since it is somewhat related.
I will start with some of mine:
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Lump sum vs Cost averaging, I prefer cost averaging though most people seem to agree lump sum is most effective as you spend more time in the market. I think cost averaging is a more efficient way to keep your cool emotionally while investing or if you recognize you made a bad call, allows you the flexibility to get out of it.
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Trading is fun and an important part of investing. Trading makes you much more attentive to current trends/the news, thus you have more questions that can lead you to fruitful investments. Some prefer index funds, which is definitely better if you're not interested in maximizing the growth of your money and are happy with a standard % gain YoY.
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Specifically, options are the best instrument for trading and they aren't too hard. Seriously, people all over say "don't play with fire," when it comes to options but it offers great downside protection over common stock, as well as allows you way more upside. Spreads are not hard and if you stick to something like selling premium odds are you will get great returns. Like, way better than most benchmarks.
What are yours? Tell me why mine are stupid.
Happy investing!
Submitted February 15, 2017 at 05:04PM by HoosierDaddy23 http://ift.tt/2ll0cfu
