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Even if your a hobbyist the idea is to have a profitable hobby. Get something back even if pleasure. There is no pleasure in losing.
Frankly I tried IBD and was unsuccessful. My lesson learned was no diversity. I now own some mutual funds and therefore don't worry about any one stock taking a hit. There are so many ways through accountings nowadays that one can't tell what a company is worth including trained accountants. An investor can't compete with inside knowledge etc. I guess one can luck up on the next Google etc. but it never was me. Their game ,at least in racing there are checks and balances to keep the game honest. I don't consider jailing a Martha Stewart every once in a while real policing.
On the other hand in horse racing unlike a casino where games with fixed percentages to overcome that can't be beat on any consistent basis, horseracing can. In racing you can pit your knowledge against another and take their money. Now granted it isn't easy and most fail. However they fail because they lack knowledge and discipline.
Any hobby can cost considerable money whether its golf ,fishing etc. If your going to have a hobby do all you can to learn it in depth. Your at the right place with RDSS to become successful however it still takes discipline,control, and money management to succeed but the public makes mistakes everyday. RDSS is just a part or a vehicle to get you there. Some you can give them a new car and they'll wreck it.
Wishing you the best,
Mitch44
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