I just like to keep my money in the bank; I’m not a big risk-taker. I don’t know anything about the stock market… I stay away from things I don’t know anything about.
A great quote about stock trading, stock investing. Staying away from things or stocks you do not know anything about can be a wise move both for investing and financial reasons. Yet people buy stocks without looking at their fundamentals, shares of companies with losses, negative free cash flows, very weak balance sheets. They ignore the valuation and simply decide which stocks to invest in without due diligence. With this deciding which stocks to buy or stocks to sell is not investing, it is just speculation in trading.