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OmniInvestorOmniInvestor
xAnDienx said: "Hi everyone, it seems like each person specializes in a certain area of investment, whether it be bonds, penny stocks, daytrading, forex, or real estate.
I was wondering, would it be plausible to invest your time and energy to invest in all of these areas?
From your personal opinions, how much time on average do you spend a day researching and investing in a certain area?"
alhamid said: "it is my goal to do just that.
much of my investing now is in the form of research. but i plan on having a portfolio of stocks, bonds, real estate and more."
HappyHarry said: "I like the sound of that: OmniInvestor. I'm becoming more of one every day."
xAnDienx said: "I'm probably worrying about nothing, but how do you balance your time for researching each type of investment, though? How much time does researching a company take, and once you're familiar with it, how much time do you need to keep tabs on it? Is it enough just to read the news and quarterly reports?"
trickynick said: "I find that I never feel like I have enough information and I follow A LOT of stuff. I feel that the most successful investors, traders and speculators (depending on what word you want to use and what you feel that means) are truly worldly people and should want to learn and be aware of as many things as they can in life. Great ideas come from insight and insight comes from perspective as well as imagination.
I follow financial media of many different kinds, international relations news from many sources and US government news. I read the SEC filings of many companies in which I am interested. I also read a great deal on the subject of classical economics, it's amazing how those insights from those old-school intellectuals can cause you to look at things differently.
In addition to these activities, I also make sure I am in touch with real people and what they are interested in. I talk to friends, relatives, strangers, etc. from ages 3 to 75 to see what they think is cool, what products they buy, where they like to go on vacation, etc.. When I go by the port in the train I look out at the ships docked by the grain elevators to see how low they sit in the harbor and attempt to see if there is a correlation between the level at which they sit and the prices of corn, wheat and soybeans on the mercantile exchanges. I pay attention to crowds in malls, restaurants, coffee shops, department stores, etc.
Basically, I pay constant attention to anything that I feel may give me insight into what's going on in the world and what that may mean for the world's economy and the financial markets. How information much is enough? I don't think I will ever be able to say. :)"
AlfredSokol said: "I don't think there's any hard and fast rule on how much time you should invest in research. But keep in mind, info is easier than ever to find out these days, so researching doesn't have to take long to be thorough."