Brian,
You write:... How about looking out six years or more and going for the long term ride. Long INTC since '91 and lovin it.
The Humble One is at your service so lets look back 10 years:
The investor that placed $10,000 in each of the three big Gorillas (INTC, MSFT, CSCO) would today have a portfolio worth $5,668,000. That figures out to an annual compounded return of 68.9%.
Intel alone for the 10 year time span obtained a 46% yearly compounded return. Not bad!
It is too bad that most of us during all these years have included countless losers in our portfolios, but in my case that's changing for the better by betting heavier on the Gorillas. Despite the huge parade of losers from TEP, CRUS, SAP and many others, I have with reckless use of margin managed to arrive at a 44% yearly compounded return over the last 10 years. Damm, on August 31, 1998, a one day portfolio drop of 20%, the margin was threatening to wipe me out. Hanging on by a thin thread, the Humble One's portfolio has made a 12 month recovery of 387% gain, so wipe the tears from your eyes and drink a toast to the excitement of living on the edge...
just trying to get rich before getting to old to spend it all,
humble carl |
