Ron Hera & Mickey Fulp Know How to Make Money on Mining Companies--03-21-2012

The Financial Survival Network ^ | 03/21/2012 | Kerry Lutz

[appeal2]

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.

Listen to the Interview Here

[ConservativeDude]

I was in a “mining stock” for about a year. I bought on an up swing, and then it cratered. Oh, well. But I didn’t unload. Then there was a second upswing, higher, so I bailed and took about 10%. Not bad in this market for a one year investment.

As soon as I took my 10%, the stock tanked again. Now down 25% from when I sold. (For once I sold at the right time....).

I don’t ever intend to be long in “mining stocks”. But if this one drops about 30 or 40%, I might jump back in and wait for the next run up......