Investing 102

[GregWeld]

Originally Posted by Sieg

Numbers like that make me giddy.

My shinning star of the day even after it dropped big:
Oracle - 480 $12,369.60 $25.77 -$3.40 $2,789.95 +$9,579.65 +343.36%

It's one of the few stocks I timed and bought right.

Stuff going UP always feels better than stuff going DOWN.... and for every 10 stocks invested in - 2 will be winners - 3 will be "okay" -- 2 or 3 will be even -- and 2 or 3 will SUCK!

The winners will make up for the losers and the "okays" will be your real gain... Trust me folks - you will NEVER get all 10 stocks "right". But if you're in 10 stocks you'll be in the game!

Good call on the Oracle. One stock I've never bought - since I live in the land that Bill Gates owns and he and Larry are mortal combatants! But it's been a great stock over a very long period of time!

This brings up some RULES -- and I don't know what they are -- other than I've heard them mentioned from time to time. Something along the lines of "the stock market advances on 3 or 4 DAYS in a year - and if you're not in the market on those days - your annual gains will be next to nothing". Don't quote me on the number of days etc - but it's a very small number of days that the market move up BIG... and those days - are to me - the days that remind you why you are in the market (and not OUT of the market). Those days WILL come the week right after you sell.... and you just watch them slip through your fingers.... Trust me - I've experienced that pain.