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Off Topic, Investments Geoman 04-11-2007
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Posted by Joseph on April 14, 2007, 5:32 pm

>
>
> I just got back home and found the bottom blew out today on seven of the ten
> stocks I own, DARN.

Diversify, Diversify, Diversify...

and don't forget to take profits...

I have done OK by not putting it all in one basket so to speak. Only bad
beat I had was WorldCom/MCI, road it all
the way into the ground. Moved some money into blue-chips, 1st of this year, up
6.68% (IBM, GE and AT&T). I must say
that even these blue chips have been on a roller coaster in this current market.
Remember advice is cheap, look at the
facts to make your decisions. Most of the time your guess is as good as anybody
elses, as I recall throwing darts will
beat the advice of most experts anyway.

YMMV, Joseph


> I know they will recover, but heck, it ticks me off.
> Anyone here dabble in stocks/bonds?
> Turtle was supposedly good in stocks but the bully Paul kicked his butt and
> now there's no one to play with...... THANKS FOR NOTHING PAUL!
>
> On the serious side, the newsgroups are jokes on this topic, so I thought
> some here who are precision type thinkers (seriously, some of the BEST
> tradesmen in the world have been on this newsgroup over the years, and there
> are some GREAT people sharing daily on here now as well!! So, maybe these
> who are the best of the best in the HVAC tech world is also or could become
> the best in the market and share their insights concerning investing and web
> links. It would be interesting to see Marc go against others on this group,
> such as Paul, Mike, Fish and others!!! Man, that would be interesting to
> see how everyone thinks concerning the market. Marc, if your reading this,
> are you as good in stocks as you are in HVAC-R?
>
> My sites I enjoy are:
> http://www.cramersmadmoney.com/
> http://www.investors.com/
> http://stockcharts.com/
> http://stockpickr.com/
> http://investopedia.com/
> http://www.cnbc.com/id/15838499
> http://www.thestreet.com/
> http://finance.yahoo.com/
> http://www.marketwatch.com/
> http://nasdaq.com/
>
>
>
>


AppliancePartsPros.com, Inc.
Posted by Geoman on April 24, 2007, 10:28 pm

>
>>
>>
>> I just got back home and found the bottom blew out today on seven of the
>> ten
>> stocks I own, DARN.
>
> Diversify, Diversify, Diversify...
>
> and don't forget to take profits...


I keep hearing about 'take profits', what exactly does one mean by that? I
thought that was the intent of buying stocks? Are you suggesting to get out
of a stock when it goes up a certain percentage, even though it may have
another 30% ?

Rich



Posted by Joseph on April 25, 2007, 12:53 am

>
> >
> >>
> >>
> >> I just got back home and found the bottom blew out today on seven of the
> >> ten
> >> stocks I own, DARN.
> >
> > Diversify, Diversify, Diversify...
> >
> > and don't forget to take profits...
>
>
> I keep hearing about 'take profits', what exactly does one mean by that? I
> thought that was the intent of buying stocks? Are you suggesting to get out
> of a stock when it goes up a certain percentage, even though it may have
> another 30% ?

Yes at times I think you should.

If I buy a stock and it's good... up 20% and may still keep going up. I
will sell off the 20% it went up and keep
the original capitol investment in place, let it continue to grow? Sometimes I
may sell 50% and hold the rest and even
sometimes take it all out(depends on the stock). It is a way to protect against
drops but it also has a way of limiting
some potential profits too. The profits taken can then be considered capital
gain to be saved or used in future
markets.

If you buy a stock and it goes up 50% and then down 25%, you really only
see a stock that went up 25% the other 25%
was lost. If you had taken 50% in profit, you are happier with the 25% drop...


400 + (50% x 400) = 600 - (25% x 600) = 450

400 + (50% x 400) = 600 - (25% x 400) = 500


YMMV, Joseph



> Rich
>
>


Posted by Wes on April 15, 2007, 11:44 am
> I just got back home and found the bottom blew out today on seven of the ten
> stocks I own, DARN. I know they will recover, but heck, it ticks me off.
> Anyone here dabble in stocks/bonds?

Do you want to "dabble" in the market, or do you want to invest with
some long-term goal in mind?

When I dabbled, I did silly things like buying more and more Lucent
(LU) as its price shot up to over $80. Then it shot down, and I rode
it all the way to $2 before I finally sold.

For my "investments" for the most part, I use low-cost index mutual
funds that offer broad market exposure. You would not do wrong by
putting your money in Vanguard's Total Stock Market Index and Total
Bond Market Index and letting it ride. The allocation between these
two would have more effect on long-term performance that any other
factor.

I've done very well in REITs but some of the bloom is off that rose,
although I still have positions in SPG and MAC. I used to also have
GGP, which is nearly a twin to SPG. I sold it and some of my SPG to
limit my investment in this area to no more that 5% of my total
portfolio. In hindsight, keeping GGP and selling SPG would have be a
slightly better move, but with dividend reinvestment, I'm still up
over 500%, with a per share cost basis of -$24/share!

BTW, this personal 5% rule of mine would have me (or you) owning no
fewer than 20 stocks if I was investing only in individual issues.

IMHO, there is way too much emphasis put on "beating the market". If
your goal is to have $XX when you need it and you can achieve that
goal by realizing 90% of the market's return with lower risk, isn't
that enough? Who cares whether you "beat" the next guy?

You must decide: are you engaged in a competitive sport or are you
investing for your future?

Regards,

Wes



Posted by Noon-Air on April 15, 2007, 12:51 pm

>> I just got back home and found the bottom blew out today on seven of the
>> ten
>> stocks I own, DARN. I know they will recover, but heck, it ticks me off.
>> Anyone here dabble in stocks/bonds?
>
> Do you want to "dabble" in the market, or do you want to invest with
> some long-term goal in mind?
>
> When I dabbled, I did silly things like buying more and more Lucent
> (LU) as its price shot up to over $80. Then it shot down, and I rode
> it all the way to $2 before I finally sold.

Too bad, I only had 2 shares of LU when it crashed, and when it got down to
$0.58/share, I bought $500 more. :-)
Dividends are re-invested.
I have also been holding a bunch of AT&T, Comcast, Wyeth(started out as
American Home Products), BP Oil, Exxon, and several others.

> For my "investments" for the most part, I use low-cost index mutual
> funds that offer broad market exposure. You would not do wrong by
> putting your money in Vanguard's Total Stock Market Index and Total
> Bond Market Index and letting it ride. The allocation between these
> two would have more effect on long-term performance that any other
> factor.

> I've done very well in REITs but some of the bloom is off that rose,
> although I still have positions in SPG and MAC. I used to also have
> GGP, which is nearly a twin to SPG. I sold it and some of my SPG to
> limit my investment in this area to no more that 5% of my total
> portfolio. In hindsight, keeping GGP and selling SPG would have be a
> slightly better move, but with dividend reinvestment, I'm still up
> over 500%, with a per share cost basis of -$24/share!

I am waiting for interest rates to go up again to buy into Ginnie Mae again.

> BTW, this personal 5% rule of mine would have me (or you) owning no
> fewer than 20 stocks if I was investing only in individual issues.
>
> IMHO, there is way too much emphasis put on "beating the market". If
> your goal is to have $XX when you need it and you can achieve that
> goal by realizing 90% of the market's return with lower risk, isn't
> that enough? Who cares whether you "beat" the next guy?
>
> You must decide: are you engaged in a competitive sport or are you
> investing for your future?

Its not about "beating" anything, its about long term investment, and when I
get closer to retirement, putting it into a managed no-load fund to get the
income, and not having to worry with it.



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