Investing 102

[GregWeld]

I don't compare my portfolio against anything. I just make sure it's doing what "I" want it to do. Everyone is different and everyone needs their portfolio to be customized for themselves. So a comparison is pretty meaningless. I want to have capital gains and dividends - I search for the best companies in a sector that fit my needs and I treat each company as an individual contributor. I written in the past that I just make sure each of them is doing the best job they can.

People spend too much time fussing with all this stuff and it's really just not very helpful IMHO. You start comparing your portfolio against some other metric and then you start to be pulled off your game trying to play catch up or whatever.

Think about what happens around here with car builds - a guy starts out to build his perfect car - then gets on Lat G and sees all this other stuff - next thing he's 5 years off plan with a complicated car sitting in the garage all torn to pieces. In way over his head and trying to catch up -- in the 5 years he spent doing metal work - now his engine is passé and the wheels are dated...

Don't get caught up in stocks and bonds this way... trying to be something you're not.

[Bucketlist2012]

Morning Guys..

For me, benchmarks are weird, but I am a newbie..

I look at them , but don't use them.

I am also following different assets, but the same best of breed, looking at long term strategies.

Things like the S and P was up and down 25% last year and ended at 0, and my assets were up and down 35% , and ended up 12%...

But I still travel the course I am on...Not easy for most..

Man what Greg just said, i am following a totally different drummer boy Portfolio, and that is why , on this thread, I keep some of it private to not cloud the Thread, But I could have gone crazy with my Car/Portfolio, once i got on this thread...

I would have gone and done all kinds of things midstream. Send back the springs, got a 4 link, on and on..And end us with a half finished car. With the Ideas on the table...Maybe the same with my Portfolio..

I still have a yearning to take a chunk of money and do a test of this thread for myself, another Schwab account..I name them, so this would be the Lat G Portfolio, we will see.

So I am doing things that are coming to fruit right now, and on those Great days, i used to get all giddy and full of myself, but I have learned to just take it as another day, because I don't want to get too high, of too low, in what is a momentary swing..