Today, we had another one of the increasingly popular roundtable forums. Mickey Fulp, the Mercenary Geologist, and Ron Hera, of Hera Research, discussed their individual approaches towards investing in junior mining companies. One thing I learned, as if I hadn't know it already, you either need to be a professional in this area or you need to closely follow other proven professionals. This doesn't mean you shouldn't do your own due diligence, quite the contrary. It means you need to study this group of proven professional extremely carefully. Look for industry experts who get it and can effectively speak to you.

While some compare investing in mining stocks to be analogous to gambling at the casino, Mickey was very clear about the contrary. It may entail taking risks, but when you are armed with the right knowledge, you can realize excellent profits. However, as Ron said, if you can't do the research, you might want to stay clear of the sector because there's such a high failure rate. It's easy to make mistakes and lose money.

They both agree TAKING profits at the right time is a must. All in all, this is a very informative and engaging discussion.

Don't forget to go to KerryLutz.com and sign up for an instant free Financial Survival Toolkit and the Weekly Newsletter.

Direct download: Ron_Mickey.mp3
Category:general -- posted at: 12:16 AM
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