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Stock Picks

In: Managing Your Personal Finance From Start of Career to Retirement and More

Author

Listed:
  • Wai Mun Fong
  • Benedict Koh

Abstract

Dear David,I enjoyed talking to you last week on stock investment strategies. You didn’t think that a buy-and-hold strategy is very exciting. Frankly, neither do I. I noticed that you perked up when we switched to the subject of stock picking. If you recall, l said that while the buy-and-hold investor tries to get rid of firm-specific risk through diversification, the stock picker does the opposite. He deliberately bets on a few stocks that he identifies to be potential winners, stocks that he thinks will deliver a big windfall. Clearly, unlike the buy-and-hold investor, the stock picker doesn’t just want to perform on par with the index, he wants to beat the index.

Suggested Citation

  • Wai Mun Fong & Benedict Koh, 2020. "Stock Picks," World Scientific Book Chapters, in: Managing Your Personal Finance From Start of Career to Retirement and More, chapter 26, pages 177-182, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811212574_0026
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    More about this item

    Keywords

    Personal Finance; Investment; Managing Money; Retirement planning; College planning; Borrowing; Buying Bonds; Investing in Real Estate; Estate Planning;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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