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RE: How being a contrarian investor is a mental stamina test!

in #investing7 years ago

Thanks Al and sorry to hear that you've been ill! You're right about looking for low cost operations (less susceptible to falls in commodity prices)

I recall you mentioning an interest in lithium miners. I think this is definitely something to buy stocks in (same with cobalt which goes hand in hand with lithium). I think that these will eventually become the 'new oil' stocks.

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The one weakness I have is penny share stocks (I'm kind of like a fly to sh*t). There's plenty of upside if you get it right but also lots of risk! That's why as per a previous blog I was wondering about miners in other markets (Canada & Aus) - From what I've seen they tend to be better quality and don't use shareholders as a constant cash cow.

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