We need to have a talk.  Some of you?  Yeah.  I hate to break it to you but some of you will never have the emotional temperament to invest in stocks.  Many financial planners and professionals seem to refuse to accept or believe this basic fact, hoping that rational arguments will win those of you who make up this minority over to their side by using historical proof, statistical evidence, and logical, well-documented cases.  In some instances they are correct.  In the end, some of you are a lost cause.

That does not mean you have to give up on your hopes and dreams for financial independence or significant wealth!  Far from it!  It just leaves you with one less tool in the toolbox of your family’s finances and that we need to look further than Wall Street to find intelligent things you can do with your savings.

Specifically, it reduces you to two big asset allocation asset classes unless you want to get into the esoteric like mineral rights, music copyrights, patents, trademarks, etc., which isn’t an area most normal investors want to tread in unless they have unique insights in a field or industry due to their career.

How do you know if you are the type of investor that probably shouldn’t be holding individual common stocks in your portfolio, much less try to choose new positions to add to your holdings?  This checklist might help …