Minimum Wage Ninja

Diversifying sucks. Like I mean, I really don't care to look up how one company is doing after I've bought stocks in it, why would I want to know how ten companies are doing? Furthermore if I diversify into many different skills then someone will have passed me by on the most important skills. But I want to think about diversifying when buying individual stocks.  I was watching Warren Buffet give a speech on YouTube. He talked about how five to seven stocks are enough for diversification.  But then something amazing happens, the guy starts talking about how he missed out on the opportunity to buy Fannie Mae. I just pulled up Yahoo finance, FNMA is trading at like 2.06 USD.  For all intents and purposes it does not look like it would have been a great investment to buy and hold for a lifetime. Yet here is the Oracle of Omaha, regretting his decision not to purchase Fannie Mae.  Another video on Youtube is Peter Lynch introducing people to stock market ...

"An ounce of prevention is worth a pound of cure.  But I would say a pound of cure promptly applied is worth a ton of cure that's delayed.'  This quote had dominated my life in these last two weeks.  The gums had begun peeling away from my teeth, and I knew something was wrong.  So even though I was at home with the flu, I made an appointment to go see a dentist.  (Sorry dentist!) It was this quote that gave me the extra motivation needed to go.  I'm using up my savings and putting my retirement at risk, but preventing further tooth problems by promptly curing the emergency as it came up.  I"m betting that the pound of cure will save me a ton of money in tooth repairs later on.