Quote:
Originally Posted by ithos
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Yes. Sometimes I wish for the days when all investors could do was maybe squint at the print once a day in the newspaper and watch a crawl across the bottom of the local television news that showed only local stocks.
Then came cable and me. I would flip on Bloomberg when I got home and revel in the wonders of my dot.com days. Fortunately, even though I was young and dumb then, at least I was not dumb enough to bet the whole farm — just the butter and egg money……..I got burned, but I learned. Made me into a boring investor with a few rules:
1. Know Myself
2. Know What I Own and Why
3. Maintain a Moat of Cash
Btw, you are absolutely right. That rising tide has definitely not lifted all boats. My personal “Tide” has been doing fine but is taking a bit of a hit the past few days. I have watched that stock bubble around within 5 dollar ranges for years. It’s doing it right now. Been testing its recent bottom again. I don’t worry about it. Price goes up. Price goes down. But gives me a raise every May. (Told you I am boring.

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Thanks for that Motley Fool article. Interesting but not surprising. I think I would still let those 5 Dogs of the Dow lie. (Motley Fool keeps it short and simple and is basically kind of entertaining. Not panic inducing or mind-numbingly esoteric or bogged down in useless formulas. Quick reads I like.)
Boomer