Quote:
Originally Posted by GregWeld
I know that many of you probably bought McDonalds a few months ago - perhaps near it's high of around 100... and then watched as it died the death of a 1000 cuts and drifted down to 85ish... and you were probably kicking yourselves!
What I want to point out here is that while you were busy whining... you should have been adding to the position (I know most can't be following this kind of stuff as the funds just aren't there YET)... because here it is back near it's high... a nice "stealth rally" in the name.
The other thing I want to point out is --- TIME... all it took was a little time and boom.... back to where it was. No need to get all nervous and sell --- (the old buy high and sell low trick). In the meantime you were collecting that dividend and hopefully that was being re-invested at these lower prices.
A PERFECT example of how this all should work!
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I happened to be one of those people.. lol. i wasnt worried though. but i was able to add a little bit to my position with some extra funds. I think we had discussed that here before i made the additional purchase.
Also, after completely restructuring my 401k into funds *I* researched and picked (rather than just throwing darts at, lol). I'm all back in the green again by a couple %. So the little man on wall street went and found someone else to bug. heheh