Comments on: The Importance of Having a Stock Watch List

By: Matt

Matt — Wed, 28 Jul 2010 23:01:04 +0000

Thanks for the comment Kevin.

I use google portfolio as a way to keep a stock watch list. It really is a nice tool.

By: kevin mcfadden (thedogsmad)

kevin mcfadden (thedogsmad) — Wed, 28 Jul 2010 04:06:39 +0000

For easy tracking use a Google portfolio — as a price, put in the price you want to buy it at.

As for the importance of the list — I definitely agree (and have succumbed to the temptation to purchase to early more than once). There is a psychological principal behind it — it’s called “buyer’s paralysis” — a bad name for a good concept. It makes you stop and think when you have so many choices, thus no rash decisions. See James Montier’s books for more on the subject – they’re invaluable. Great site BTW.

By: the human nature; the investor’s enemy : lifedividend.biz

the human nature; the investor’s enemy : lifedividend.biz — Mon, 10 May 2010 14:10:56 +0000

[...] price drop is just because of human emotions following what the market feels. I think that is why dividendmonk advocates for a watch list when investing. This would help an investor analyze stocks and invest or sell when the fundamentals of the company [...]

By: FinEngr

FinEngr — Tue, 13 Apr 2010 16:43:08 +0000

DivMonk:

Problem is with different accounts, ended up having different lists. With no central location, I just dropped the tracking. Probably should resurrect the list.

Instead I switched to independent research reports as my “tracking”. Would NOT recommend that as a strategy – definitely had buyer’s remorse!

By: Matt

Matt — Mon, 12 Apr 2010 20:21:59 +0000

Jesse,

That sounds good to me. Sometimes inaction is the best action. I can’t really offer a number for my average time. It can be measured in weeks or over a year. It depends on the market for me. During 2009 my wait time was very low. During 2010 it’s longer. When the market is very highly valued, it can be a lot longer, as I have fewer values to pick from.

By: Jesse

Jesse — Mon, 12 Apr 2010 20:08:11 +0000

Very sound advice here. I have a watch list and I would say my average wait time is about a year before I buy :) there are several reasons and that’s not what I intend to do, but it’s how things have played out the last few times I have bought stock.

It’s like my parents used to tell me when I wanted something RIGHT NOW, “That toy will still be there tomorrow” and the stock market will still be there tomorrow…