plenzmd1 Posted November 4, 2005 Share 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. Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted November 4, 2005 Share 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. Link to comment Share on other sites More sharing options...
Alaska Darin Posted November 4, 2005 Share 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. Link to comment Share on other sites More sharing options...
HopsGuy Posted November 5, 2005 Share 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. Link to comment Share on other sites More sharing options...
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