Quote:
Originally Posted by MPM IV
I've only made a few post in this thread due to a lack of knowledge, but I check in every few days to read anything new that's been posted.
I started investing last May before understanding the 5% rule, or about scaling in and out of positions. I opened a large (for me) position in RDS.B and a smaller position in KMI among others. Just about a month ago I was in the green for the first time thanks to the other positions. In Jan. I opened a small position in Ford, and then added to it in Feb. Other than watching and collecting dividends that's the only change to my portfolio recently.
I have shared this thread with one friend that has opened an account and started investing, and tried but failed to motivate a few others.
I sincerely appreciate the efforts of Greg and everyone else that's contributing.
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The 5% "rule" has been discussed a zillion times in this thread - and like most "rules" has some flexibility to it. Pretty hard to get started with 2 or 3 positions and make the rule work. It's really more a rule when you get 20 or more thousand.
Glad you enjoy the learning and doing!