Quote:
Originally Posted by GregWeld
Seems to me that there's a decided lack of interest in "investing 102" since the market turned a bit south for a few months... I seem to be the only one posting - and then not getting much - if any - responses.
Funny though - that the lessons discussed over the time this thread started, have played out. The teachings pro-offered here - "buy when the market is down" - Buy best of the best - don't gamble - buy dividend payers.... should have helped everyone weather the downturn - and hopefully helped you all STAY in the market when the sun turned to darkness.
Just look at AT&T (T) and Verizon (VZ) -- up HUGE and here they are thought of as boring blue haired old lady stocks. Ditto Philip Morris (PM) and Altria (MO)... I'm not going to bother to post all the stats. If you're interested enough, it's easy enough to look at them. Again - I'm not recommending these - I'm just using them a prime examples of why being in certain types of stocks pays off big time vs being in the high beta names that everyone THINKS are the places to be.
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What is just my luck is 2or 3 months ago I had to sell this portion my mom had left for my sister and I ten years ago. I wanted to sell the stock and move it over to one account that was not thru the mail and not completely separate of my schwab account. Well that of course took like 45 or more days to get handled. And of course it gains nearly 20% while I had to go thru all the channels. HAHA figures.
But my Racecar money has done well. Thanks Greg.