Investing 102

[Sieg]

Greg Weld - Thank you again for the time, energy and passion you have put forward in the this thread. Best example of a charitable contribution I've seen in a long time, you deserve a tax deduction for it.

[Bucketlist2012]

Originally Posted by Sieg

Greg Weld - Thank you again for the time, energy and passion you have put forward in the this thread. Best example of a charitable contribution I've seen in a long time, you deserve a tax deduction for it.

LMAO

GREG...I asked for a recap...Nice Job...

[WSSix]

I think the recap may need to be posted on page one, lol. Heck of a summation that's for sure.

[GregWeld]

Good super bowl....

Thanks for the kudos guys...

Sieg -- I'm going to see if my CPA agrees with your deduction idea...

Jose --- MUCH BETTER portfolio! Note by the way - of the stocks you HAD - the losers were MUTUAL FUNDS not the stocks! Glad your on a better track now.

[CRCRFT78]

Yeah the mutual funds were the real downer of the bunch. Harley sat idle so of course as soon as I sold it the little f***er on Wall St. yells, "RAISE THE PRICE". The one mutual fund I've held onto seems to be performing pretty good but I'm wondering, can I sell the initial investment of $10,000 to use elsewhere and keep the profits invested in the fund. Something I'll have to look into. Maybe keep the $10,000 in the fund and take the profit and reinvest that. Decisions decisions.

[GregWeld]

Originally Posted by CRCRFT78

Yeah the mutual funds were the real downer of the bunch. Harley sat idle so of course as soon as I sold it the little f***er on Wall St. yells, "RAISE THE PRICE". The one mutual fund I've held onto seems to be performing pretty good but I'm wondering, can I sell the initial investment of $10,000 to use elsewhere and keep the profits invested in the fund. Something I'll have to look into. Maybe keep the $10,000 in the fund and take the profit and reinvest that. Decisions decisions.

Isn't it amazing that when you buy, the stock goes down, and when you sell it goes up -- the whole time you owned it for the last few months it does "nothing".

Reminds me of our sports teams here in Seattle - we get somebody - they suck - we trade them finally - and they become super stars... Deion Branch comes to mind...

I would put Harley squarely in the "consumer discretionary" camp.... but I would also put them in the "fad" camp... If the consumer is feeling good - Harley will do better -- but at what point do we run out of people that grew up wanting a Harley? So when I look around at investing options -- and remember that we always have options for where we invest -- Harley would scare me because I'd always be wondering if it was "this quarter" when they report a big drop in sales etc. I prefer to invest in stuff that people NEED... and if they're discretionary - then I want them to be able to export (GROW) to China... (Apple - Coke - McDonalds etc).