A continuing mantra you will hear and read from me is around the value that talking to other experienced Private Investors and Traders can provide. In addition, I find this is widely under-appreciated and it is probably the biggest source of Learning that I undertake these days. Indeed, undertaking the TPI Podcasts venture and being able to discuss countless aspects of Investing with someone as talented and successful as @Conkers3 is a huge help to my thinking with regards to how I go about things.
This can be on different levels - probably the main focus for me is to hear the techniques and methods other Investors use and these discussions bring ideas for potential ways in which I can tweak how I go about things in order to improve my Results. On another level, and probably of less interest to me, are the views of other Investors with regards to which Stocks they are invested in and what their take on certain Stocks is. Of course this can be hugely dangerous because it is immensely ‘Noisy’ Information and I won’t just listen to any old Tom, Dick or Fred and there are only a limited group of Investors who I do take notice of on particular Stocks and I perk my Ears up when they give an opinion. Screening out less useful opinions is of course difficult and it is only over time with experience that you can find out who is worth listening to and who just adds to your Noise levels - yet again a situation where there are few alternatives (if any) to actually going through the motions and doing your ‘time’ in the Markets.
Of course it is quite difficult for many People to meet up with other Investors due to time commitments and life in general but there are some excellent ways you can get access to them via things like Twitter, some Bulletin Boards, Podcasts and of course, the one I am really focusing on here, Websites/Blogs that they write. To help you head in the right direction, here is a List of very good Websites that are run by Private Investors, rather than the usual ‘Financial Service Industry’ fodder which rarely has active Investors involved in it and in many cases has an Editorial Line or Agenda which is being rammed down your throat. Many of the people who run these Websites I know personally and in all cases I recommend you have a look at them and see what is available. In addition you obviously have the superb ‘Naked Trader’ Website but I won’t add this one to the List because you will no doubt know of this one already.
In a similar vein there are Websites for more specific purposes which are run by excellent Private Investors and I would include the ShareSoc Website, AIM Prospector Magazine, the Mello Events one, DIYInvestor Magazine, the Blackthorn Focus Events Website and the superb piworld.co.uk in amongst these. In addition there are loads of Oil and Metals related ones but these are not something which I delve into much these days so I am no qualified to say much about them and I’ll let Readers tiptoe through that particular minefield themselves !!
Initially I have published this as a Blog so that Readers are made fully aware of its existence but my intention is to copy it onto the ‘Useful Links’ page where it will remain forever and in theory I will update it from time to time…..(actually I just thought about this and I will simply shove a Link to this Blog on the ‘Useful Links’ page as that will be a lot easier for me).
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