I have no Qualifications in the area, purely learning from experience.
Having Lost a lot of money in the GFC, a huge lesson learnt was one of self discipline when trading stocks. Being honest with yourself and admit the mistakes you make, rectify and move on.
The stock market is still one of the few places the average person with limited access to capital , can get ahead. But it is terribly unforgiving, so always do your own research. Often advisors are that busy keeping up with regulatory legislation in regard to offering advice, that they don't have time to follow stocks. Treat all advice with Scepticism. The market is usually right if a stocks price is falling. Debt is often necessary, but make sure the company has potential and a plan to move quickly to profitability to repay that debt.
Be wary of companies that borrow money simply to pay dividends, I learnt that from the GFC, most highly geared companies prior to the GFC are gone, think The Babcock and Browns.
Do your own research as I have found in my case:
Diligentia maximum etiam mediocris ingeni subsidium - "Diligence is a very great help even to a mediocre intelligence" Socrates"
Always remember. If you buy them and they fail, the money they take with them, WILL be yours!
Paul I'Anson.
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