plenzmd1 Posted November 4, 2005 Posted November 4, 2005 You can take a break from the market and invest in Mutual Funds. The Acorn Fund and the American Funds have done very well for me the past 10 years 495187[/snapback] Donkey, I do not know your financial situation, but let me briefly descibe mine. Was big time into NASDAQ stocks all during the 90s, and had a great run . Problem was, I never pulled out any profits. Not to make my personal situation public, lets just say I had an account go from "planning for my retirement in five years" to my god not only did I lose all my profits, I dam near lost all of my initial capital as well. I kept plowing money in on the "cant get any lower theory". Well, I got a whole bunch of "worthless security" notices to disprove that claim. Finally, about all I had left was stock where my wife works , and where i worked for several years. Now, about three years ago we went with a money manager on a fee basis. He has us almost all in varios funds, and we are doing very well. We have diversified our holdings so we are no longer 80% in one stock. Biggest bonus is this. We have a qtrly meeting with him via phone. And ya know what, that is the only time i think about now. I was like you, checking tickers every 5 minutes, now if I happen to hear how the dow did, great, if not , great too. Really should try this approach.
Pine Barrens Mafia Posted November 4, 2005 Posted November 4, 2005 Sometimes I miss out on really big profits (Forward Industries, for example, I bought around $3 with the specific goal of selling at $7. I ended up unloading it at $7...and the stock went to $28 in short order. Since I made about $15k, I'm not complaining). . 493657[/snapback] An old cliche covers this nicely: A bird in hand is better than two in the bush.
Alaska Darin Posted November 4, 2005 Posted November 4, 2005 An old cliche covers this nicely: A bird in hand is better than two in the bush. 495401[/snapback] Bush bad.
HopsGuy Posted November 5, 2005 Posted November 5, 2005 Bush bad. 495415[/snapback] I dunno, man. I like a little grass on my infield so long as it gets the George Toma treatment.
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