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Paul
I remember the old Intelligent Investor, where you knew the people and saw how they suffered a stuff up. These days it is too clinical - people like JG (the last of the old timers) come and go and we are not part off the story of why they actually headed off. We used to have lists of what shares the various analysts invested in, which gave you an idea of top tips from your favoured analyst(s). These days we have a plethora of tips, but which ones are the really top tips - ok JA put out a series of portfolios to survive Covid last year, but are the tips still current? NB in a recent review of the Ethical Fund gave four of his tips - but was that from a fund perspective, or his own portfolio. Today the analysts seem to be making tips for the funds and less so for individual investors. some stocks seem to get lots of updates, but others eg BHP and Reece - are both past their recommended Sell price - but are they actual Sells or will the price guide be adjusted - give us some guidance. Another stock ASX was trading near $90 and the sell price was adjusted from $90 to $100 to $110, so I didn't sell, now it is trading in the high $60's and the sell price has been adjusted back to $100 and current announcements aren't favourable. I preferred the old II where it seemed to be set up to to help individual investors select contrarian stocks which we would hold forever. Whereas now it seems to be a Fund Manager where the decisions are made in house and some of that information is provided for investors. Finally how should I treat the information from Eureka Report - as a recommendation because they are interviewing that particular CEO, or is it just noise to confuse me even further as to which stocks to choose?
4 years ago
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