Dangers Of Stock Tips
Relying on stock tips from other people is a sure fire way of getting yourself in trouble. It is a must for every investor to have some basic knowledge of what they are investing in.
Any investor should be able to, at the very least, look at a basic stock chart and understand basic moving averages. If you simply rely on others to make your stock picks for you, without understanding the reasons behind those picks, you are sure to lose money.
So even though your "Cousin Joe" may mean well by giving you his opinion about a stock; you really need to learn the basics of stocks for yourself.