Steve, I'm finding that a form of EQT works for the long-term as well, and want to chip in my 2 cents by way of thanks for all you guys (and gals, ISpec and KM) do here.
Six years ago I decided to compute my "net worth" just to see where I was at. Wasn't much to look at, but a couple years later I started plotting it quarterly and it kept moving up. But it wasn't moving as fast as I wanted it to, and that was definite motivation to start paying closer attention. So I graduated from "mutual funds in the 401k" to "discount broker account that I had to call" to "online discount broker with cheap, position trades". Lo and behold, the chart is not only going up, but even starting to arc!
While I don't expect it to be exploding any time soon (I'm not quite as driven as you daytraders), many of the points in your article apply even to us investors. Tracking the numbers helps keep you keep in mind where you're at, where you're going, and how fast. And there are subconscious connections that are made, leading you on when the conscious mind is ready to take the plunge.
So thanks again, to all of you who are further along that curve. If we lurkers and newbies pay close attention, we'll be on your tails in no time!
Pete |
