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The dangers of knowing too much

June 22nd, 2009 at 02:53 pm

I don't believe that ignorance is bliss, but sometimes, I do believe there is danger in knowing too much.

In this particular case, oil prices is finally falling, and I am SO tempted to sell off my one energy stock (Conoco Philips).

The only problem is that it is being held in my buy-and-hold account, not the trading account. And what are we suppose to do in our buy-and-hold account? That's right, buy-and-hold. Besides, I don't really know what will happen to oil prices into the future.

But that's not the problem. The problem is I know the stock performance on a daily basis. And that's dangerous, because watching it fall, it tempts me to sell. So, from this point forward, I'm going to hide my buy-and-hold account tickers so I don't see it regularly anymore.

Welcome to my exciting world.

Posted in Uncategorized | 2 Comments »

2 Responses to “The dangers of knowing too much”

  1. Nika Says:
    June 22nd, 2009 at 04:24 pm 1245684269
    1245684269

    I think oil prices will definitely go back up eventually. Especially if inflation takes off.

    This seems to be the time to buy commodities, not when they are high. I am considering buying into T. Rowe Price New Era fund this week. Am I an incurable optimist?

  2. Broken Arrow Says:
    June 22nd, 2009 at 04:46 pm 1245685571
    1245685571

    Yeah, I am bullish on the long-term prospects of oil as well (or, at least given the current levels).

    I'm just trying not to buy-and-sell with money that is meant for buy-and-hold....

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