Investing 102

[GregWeld]

Originally Posted by Sieg

..........and I'm just waiting to dump my $35 dollar shares of Dell acquired in '99.
And have no intention of selling my old-school '69

Well.... We have fresh powder here... so I'm headed for more vertical. But there's an old saying about "your first loss is your best loss". That stock has been "dead money" for 10 years -- ditto Microsoft... and I have MANY friends still into those stocks big time -- waiting for the "rebound". In the meantime they could have sold 9 years ago --- invested in General Mills cereal and they have 3 times more money.


Yeah --- I had a HUGE amount of MSFT shares.... but I scaled out of them on a regular basis and re-invested in other stuff. Sometimes I look back and say -- if I hadn't sold at "X"... I'd have had double the amount of dough.... and then I look at my friends that are still holding and rode it down to a third of "what they had"... I'm retired - they're not.