How to get rid of losers

By Deputy editor Tim Bennett Jun 20, 2012

Tim Bennett

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Investors often fail to dump stocks even when it's clear they have made an expensive mistake. Tim Bennett explains why, and how to stop doing it.

• Watch all of Tim's video tutorials here

Comments (17)

Published in Video tutorials | More articles by Tim Bennett

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  • 1. DKS

    (21 June 2012, 07:56AM)  Complain about this comment

    Tim's videos - previously brilliant, now totally useless due to constant buffering.

    I am rather disappointed (sic) about the change to a new video host. The video constantly pauses every few seconds to buffer. It makes the video totally unwatchable. Please, please, do something about this - a previously unmissable resource has been rendered redundant through poor technology implementation.

    [By the way, I have a speedtest.net download speed of 6.17Mbps and a ping of 84ms. This is not a 'user-connection speed issue...']

    Yours disappointedly,

    DKS
    (Moneyweek subscriber)

  • 2. Tim

    (21 June 2012, 09:01AM)  Complain about this comment

    DKS - sorry you are having trouble with the video. I'll ask the technical guys to take a look at this asap. Tim.

  • 3. DKS

    (21 June 2012, 11:09AM)  Complain about this comment

    Hi Tim,

    Thank you for the swift answer and resolution - I see the host has been reverted to YouTube and the quality is back to its previous level.

    On the video, I particularly liked the notion of 'anchoring' and how the psychology of it works in the marketplace. Especially important nowadays with so many of the methods of valuation being proved to be moribund.

    Thank you again for such a swift resolution to the video buffering issue.

    DKS.

  • 4. Gaurav Singh

    (23 June 2012, 06:35AM)  Complain about this comment

    @Tim- In the Libor video you stated that you will cover over night index swap very shortly, but I could not find it in your video tutorials here. Please film a video on Over night index swap, without OIS explanation, libor rate comparison remains a mystery .

  • 5. Ron

    (23 June 2012, 11:59AM)  Complain about this comment

    Thanks, Tim, hit the nail on the head.
    Time for a clearout of my duff stocks.

  • 6. Sid

    (23 June 2012, 01:08PM)  Complain about this comment

    Liked the video. Ran it a couple of times. Interested in investment psychology but clould not catch the name of the author you cited. Daniel .... Can you help please.
    Thanks
    Sid

  • 7. 4caster

    (23 June 2012, 10:21PM)  Complain about this comment

    Mostly sound advice, but I don't like stop-losses. I prefer to BUY on the dips and SELL on the surges. Stop-losses don't cope with flash crashes of a few percent for a few minutes, often brought about by computer activation of the automatic stop-losses of others.

  • 8. 4caster

    (23 June 2012, 10:22PM)  Complain about this comment

    I found the buffering a problem even after you fixed the problem to DKS's satisfaction. It's not my fault that I have a 0.5 Mbps broadband connection via BT copper and aluminium wires, unless I am at fault for not moving house. My computer is capable of buffering an entire video of this size, and replaying it using a replay button, but your server wiped my buffer out as soon as it was fully loaded.
    Can you please offer the alternative of a text to read, as is available for many other MoneyWeek offerings, e.g. by Tim Price? I would prefer to spend some 4 minutes reading your work than 14 minutes or more watching a video.

  • 9. John

    (26 June 2012, 10:58AM)  Complain about this comment

    Off the subject, but just suggestions to help 4caster

    A good household setup for best broadband speed is:-
    1. Mastersocket located close to where line enters house.
    2. Good quality broadband splitter faceplate fitted to replace standard BT mastersocket faceplate. Openreach supply these or look on ADSL Nation website - XTE2005)
    3. Broadband modem/router (modern one, I use an Addon router) ideally located close to mastersocket. You can use a wireless router if wiring from there inconvenient.

    Just a cheap splitter on an upstairs room extension socket via poor quality house cabling will reduce speed.

  • 10. Jim

    (26 June 2012, 06:31PM)  Complain about this comment

    Interesting, although if a share does lose value then it can be more a case of personal judgement. Which in itself depends on the type of share bought, if an AIM share then perhaps a good idea to sell, if a Tesco share that could be more tricky.

  • 11. Joe

    (26 June 2012, 08:28PM)  Complain about this comment

    @ Sid - I think Tim must be referring to Daniel Kahneman who has written a fair bit on behavioural economics.

  • 12. Tim Bennett

    (27 June 2012, 09:24AM)  Complain about this comment

    Sid and Joe - yes, Daniel Kahneman is a good bet on this turf. 'Thinking fast and slow" in particular. Tim.

  • 13. chris ranklin

    (06 August 2012, 10:10AM)  Complain about this comment

    like all the vids i have seen to date , food for thought
    i would like food for profits
    chris

  • 14. Alginon Mandingo

    (15 August 2012, 10:07PM)  Complain about this comment

    I began watching your tutorials this evening. They are most engaging. You have managed to make a few 'heavy' subjects very digestible.

    Keep up the good work!

  • 15. Impromptu

    (07 September 2012, 08:22PM)  Complain about this comment

    Tim's point about stop-losses is valid, but there is a caveat - unless your broker offers a "guaranteed" stop, you always fall through them.

    If it's HugeCorp International, which is liquid and widely traded, the difference will be negligible.

    If it's Bill & Gary's Underwater Internet Toaster PLC, a rare large transaction can send the price hurtling down through your stop. Then your sale will be triggered and the offer will sit on the books waiting for a bid that is likely to be lower still.

  • 16. HearIAm!

    (10 September 2012, 10:03PM)  Complain about this comment

    What about using options to mechanically sell your stocks if they drop too low? Seems like it covers some of the issues of a stop-loss order and you can profit from it even if you don't sell the stock.

    I heard this advice somewhere, and thought I'd look into it.

  • 17. acw

    (20 January 2013, 05:49PM)  Complain about this comment

    Hi Tim,
    Have you written any book or books. I would be very interested in buying them.

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