Gorilla and King Portfolio candidates - Moderated Message Board

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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated

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To: Uncle Frank who wrote (2931)	3/22/2013 11:28:34 PM
From: DaYooper	1 Recommendation of 2955

At the height of the bubble (and our wealth) I recall pushing my shopping cart thru the grocery store and wondering what I might buy that I hadn't considered before. On that shopping trip I realized the new found wealth apparently wasn't going to make much of a difference in my life. I continued living in the same place and vacationing in the same places. Like most of us bubble investors I had to eat humble pie after trying to convince everyone I knew that "this time it's different" and valuations didn't matter. I would like to believe I learned some personal humility from that experience. Post-bubble life was a little stressful sometimes because in 2000 I purchased an expensive vacation home using stock as collateral. As the NAZ kept falling I needed to constantly find assets or funds to add to that collateral account. In hindsight that risky investment style probably helped me to not go broke as the NAZ just kept falling and falling I needed to get more conservative. I definitely learned to balance financial risk in my life much like our parents learned important lessons from the depression years. I feel for you guys that had just entered retirement at the top. You were the most vulnerable. I was just now forced into early retirement with a corporate downsizing. So I had another 12 years of solid income, continued 401k investments and asset re-appreciation on my cash accounts. I've made a little comeback this way but will never have the paper assets I did in 2000. It felt good to finally throw away those brokerage statements a couple years ago and have closure on that whole episode. Anyhow I still have the vacation home on the lake and enjoy it greatly. Without a job or other responsibilities I'm in Vegas for the winter enjoying the fantastic weather and lifestyle here. I don't gamble (outside some trading I've been doing lately and a little poker sometimes) so I'm not paying for the bright lights here. While our groupthink was wrong on many issues we did correctly realize at some point that the gorillas of the past would not be the gorillas of the future. So I for one am thankful to have found the G&K forum. If you compare the ten year return of intc, msft and csco to qcom and ntap you will see how right we were. I continue to own qcom and ntap today but will be selling over the next few years and moving that money into dividend stocks which is my retirement philosophy. I highly recommend this book written by Josh Peters, a Morningstar analyst: amazon.com Also here is the Silicon Investor Dividend Investing link: Subject 56874 Thanks for all you've shared here and best of luck to you and aunt Nancy! Rory

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