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Each and every day thousands of financial experts go to work to give you their expert opinions on how to best invest your money.  There are tons of financial experts services out there, from full service brokers with excellent executions, to data services with the most up to date research information.  The end result is simply information overload.

The truth of the matter is that very few financial experts truly understand the science of money management.  Walk into any broker or investment advisor and have a meeting.  You will find that the whole process is simply geared toward putting you at ease, or, as one broker once told me, "We are not in the financial business; we are in the relationship business."

9 times out of 10, you will end up leaving your money with the guy that makes you feel the most secure, and not the guy who is truly the most qualified. The same mistake is often repeated by most investors who often buy supposedly safe stocks recommended by analysts, as opposed to buying stocks that truly have the most potential.

It took me 13 years to deprogram my mind from the constant barrage of Wall Street's misguided expertise that on the surface seemed logical, but worked against me in real investing.  If you want to be successful, you too have to deprogram and take control over your own finances.  

How could I ignore such a well known financial expert as O'Neil who advocates against averaging down on a falling stock?  
Let me start by saying that you would be hard pressed to find many professional money managers who do not average down on their stock purchases. A good money manager never assumes that a stock is at a bottom, and will typically build a position as the stock falls down in price.  O'Neil's book is designed to alert amateur investors who regularly dump large sums of money into one stock.  His advice should not be taken as a standard recommended practice to all investors; and, should be more dependent on each individual strategy and its money management elements.

How could I buy a stock at a time when Wall Street's Analysts issue sell recommendations?  
I promise to start paying attention to analysts the minute someone will explain to me the logic behind why they issue buy recommendations on stocks when they're at an all time high, and sell recommendations on stocks at all time lows? Until then, with your permission, I would just rather take analysts out of the equation.  I think they provide absolutely no value to investors.

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