Stock tips

If you find yourself at a barbecue and someone recommends a stock/share to buy, it’s best not to take action. 

If you buy the stock and its price goes down, your personal relationship with that person will be negatively impacted (not to mention your bank account). 

If you buy the stock and its price goes up, you will likely go back to them for more recommendations and a greater willingness to make bigger purchases (which would make the downside worse when a recommendation doesn’t go well).

If you are interested in investing in the share market (which you should be), a good strategy is investing in products like ETFs that replicate a market itself.

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