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Archive for March, 2012

Attention Stock Investors! I Need Help Knowing When To Sell And Hold!

Wednesday, March 7th, 2012

On two occasions I have bought stocks on the recommendations of friends. Both times they have been right. Well, sort of. I don’t buy a ton of stocks on my own. Thankfully, I have a professional do that for me (thanks R.R.) but a few times a year I will take a shot after a conversation with a friend.

About a month ago on the advice of a friend I bought a stock, and after two weeks that stock was up 14%. I must admit I thought about selling, but of course I talked my way out of it with the sound advice that it will go up more so keep it so I don’t miss out. Well, of course that wasn’t what happened. What did happen was it dropped about 9% the next day and now I am up only a few percentage points. It was clearly a lost opportunity.

I wish I had sold and now who knows how long I will keep this stock?

I am sure this has happened to a lot of blog readers – What do you do?

  • Would you have sold?
  • Would you have thought I like did?
  • Would you have sold just some of your shares?
  • Do you have any stock best practices that you live by?

I look forward to reading your comments.

I Don’t Give Out Any Perfect Scores. Do You?

Monday, March 5th, 2012

Over the past month I have given everyone who reports to me their performance evaluation. Like most of you reading this post, our scale is from 0 to 10, with 10 being the best. I tell everyone during their review that I don’t give out any perfect scores. Meaning, my scale goes from 0 to 9 ½.

My thought behind this is no matter what a person’s goal is they can always do a little better, accomplish a little more, exceed expectations a little more, and frankly can do better.

No one I evaluated gave me pushback on my scale, but that doesn’t mean they agree with my thought process. Because of that, I thought I would ask you.

  • What do you think about my scale?
  • Should I change my way of thinking?
  • What type of scale do you use?
  • Do you give out perfect scores?

I look forward to reading your comments.

1 Ad & 5 Questions!

Friday, March 2nd, 2012

A few weeks ago I was reading USA Today and noticed that JCPenney had taken out a full page ad. As I was reading the copy of the ad I was thinking, did the message work for me? Did I get what they were trying to say? And most importantly, since I am NOT a current JCPenney customer, did their message resonate with me to go visit one of their stores? What I would like you to do is read their message and click the link at the bottom and answer a few quick questions.

Click here to view the ad and give us your thoughts!