Investing 102

[mdprovee]

Originally Posted by Flash68

I'm at the lowest cash reserves I have been at in years..... cars, kids, bla bla bla bla

Ain't that the truth!!!

[Flash68]

Originally Posted by mdprovee

Ain't that the truth!!!

Cheers Mike.

[glassman]

Cramer. "Nobody ever made a dime panicking".

first time i heard this quote, but learned it here first.

Long term (not timing the market, its time in the market)

Pay attention (don't invest and forget, i've done this much in my past and to some extent, still do)

Minimize personal overhead, think dividend income (read withdraw) much later.

Just had my cruddiest quarter (at my company) in 7 years. Things are on the up now, but beware, be savvy.

Learned alot on this thread, these are just a few words of encouragement from a 51 year old "newb", never stop learning.....

"as society regress's forward..."

[WSSix]

If you look at just my balance, all of my gains from 2017 have been wiped out thus far. Not worried though. I'm in good names and will be buying more soon. Heck, I remember thinking a year ago that I wish I had bought more when prices were lower on a number of my stocks. Well, now they are, lol.

[glassman]

Trey, how many (individual stocks) do you hold right now? managing.

Heard an interesting thing from Cramer today, he said he did the best when he went down to holding less stocks but best of breed, realizing that those were his money makers. Hmmm, where'd we hear that before????

I've got six best of breeds, adding as cash flow increases. Weirdly, my 401K , Roth, and a few Vanguards and T-Rowes are doing(did) pretty well.

Hate to say it, i'm up 54% on McD's, bought it cause "wifey worked there" and she wanted my to get it. She's my lucky charm, i wish a wife like that on everybody, shes a rock star.

[WSSix]

In the account that I manage, there are 9 stocks I do anything with. I have 13 total in that account though. 2 are gambles, 1 was given to me as the company split, and the fourth is my ESPP from my days at Haliburton. I don't touch it because I'm so overweight in it compared to the rest. I include all of them in my comment though. From the beginning of me starting this account, I'm still way up. It's just my gains from 2017 that went bubye now.

I don't bother to add more names because I have enough to watch as it is. I also have two other accounts that are managed by professionals mainly. I consider myself to be very diversified.

[WSSix]

Funny what a few days can do. I've already recovered 50% of what I've "lost". No I don't think this is the end of it. Point is, relax and let it play out a bit before freaking out. It goes up and down always.