January 2023 Stock Tipping Competition Entry Thread!

Garpal Gumnut said:

I threw a dart and it landed on PEN.

So I'll go with it.

I'm sending these darts back for a refund.

gg

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CanOz said:

You know....Throwing darts at the stock ticker page of a newspaper might seem like a haphazard and unreliable way to invest in the stock market, but some researchers have found that this method can actually be quite successful.

One study, published in the Journal of Finance in 1990, found that a portfolio of stocks chosen by throwing darts at the stock page of the Wall Street Journal outperformed the S&P 500 index over a ten-year period. The study's authors attributed this success to the fact that the dart-throwing method resulted in a diversified portfolio that was not influenced by personal biases or the "noise" of market speculation.

However, it's important to note that this study has been widely criticized by financial experts, who argue that the outperformance of the dart-throwing portfolio could have been due to chance or other factors. Additionally, the stock market has changed significantly since the 1990s, so it's unclear whether the dart-throwing method would still be effective today.

Overall, while throwing darts at the stock ticker page of a newspaper may seem like a whimsical or even humorous approach to investing, there is some evidence to suggest that it can be a successful method. However, it's important to keep in mind that investing in the stock market carries inherent risks, and no method is guaranteed to be successful. It's always wise to do your own research and consult with a financial advisor before making any investment decisions.

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farmerge said:

Good evening CanOz while I found your post on dart throwing very illuminating, it is the last two lines that i find disturbing. Seeking the advice of a financial adviser to me is as good as throwing your hard earned out of a multi- story window for the peasants to gather off the round. My experience with so-called advisers of many years ago is that I generally knew just as much as him/her, if not more, and for the privilege of using such was a complete and utter waste of both my time and money. Since those days i have enjoyed the wise counsel of the bloke in the mirror, who believe it or not knows a lot.

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CanOz said:

Farmerge,

Thank you for sharing your experience with financial advisers. While I can understand your frustration and skepticism, it is important to note that not all financial advisers are the same, and it may be worth considering working with a professional who has the appropriate qualifications and experience. That said, doing your own research and due diligence is always important, no matter who you consult with for financial advice. In fact, it is often the most important step in making informed financial decisions. Seeking the advice of a financial adviser does not necessarily mean blindly following their recommendations without using your own judgment. It can be helpful to consult with an adviser as one source of information and guidance, while also doing your own research and thinking critically about your financial decisions. Ultimately, the decision of whether to work with a financial adviser is a personal one and will depend on your individual circumstances and goals.

Cheers,


CanOz

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