In a discussion with anyone - the minute they start telling me about selling at a loss so they can offset their huge income tax bill..... I know I'm talking to an idiot.

Isn't that the truth. The only thing I could cling to was despite my big profit in 2006, I had to do something with it, either real estate or stocks, all of which went south in the coming 2-3 years.

I can definitely say though that it's my mistakes in investing, and life for that matter, that have taught me the most, not my successes.

That's the truth for most all of us Erik... "Experience..... is the name we give our mistakes".

if you are observant enough you can learn from other's experiences.

It's almost like cheating isn't it?:lol:

I like to think of it as team work, personally.

Speaking of mistakes:

http://www.marketwatch.com/story/hel...556-2015-11-19

:lol:

Don

Many many times I have WANTED to go short --- just before the Financial Crisis -- and I wanted to short the home builders before the housing collapse.... But I NEVER short anything.... because the minute you do - something you have no idea about pokes your eyes out! No thanks!!


Good story ---- but I don't feel sorry for the guy one little bit. He wouldn't be whining now had his short worked. He got blown up -- and suddenly it's BOO HOO....

What I don't understand is how after hours trading occurs and it's affect on a price. That's why I don't do anything overnight.

You younger guys may want to look at NIKE (NKE).... They just raised their dividend 14% -- split the stock 2 for 1 -- and announced they'd buy back 12 BILLION dollars worth of their own stock.

I don't own it - and have never done any research on it - and this isn't really a recommendation since that's not what this thread is about.... but some of you are looking for "growth" stocks vs dividend payers.... and a company like this has some of both. It certainly fits the criteria of "best of breed" and "things you know".

LOL