I made my living as an Arts Administrator and a movie industry worker, neither of which have brought me to great riches. I am in my mid-sixties and supplementing my income, primarily derived from government pensions, with part time work. I recently sold my house and have a modest sum of money that I would like to grow for my own comfort and to leave to my children.
I have been doing some research into stocks that are quite forward looking, which is my nature, I never have been a stay at home, safe bet thinker.
Robotics, near field communications (hardware), marijuana (when there is a “brand” that is worth the investment) Graphene (when there is a brand worth the investment) some biotech stocks that are showing a significant upside, and gold miners when the timing is right.
I am relatively confident in my research and analytical abilities, however my question is this, and here is where my naivety shows through. I believe we are in for a major market correction and regardless of my best thought out plans, will a significant market correction drag me down. Is my timing very poor?
I thank you in advance for any time and effort you expend on my behalf.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.