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Pastimes : Don't Ask Rambi

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To: Ilaine who wrote (37211)	9/4/1999 9:13:00 PM
From: The Philosopher	Read Replies (1) of 71178

Well, that just shows that in your first experience you were acting like a speculator, not an investor. Probably a cheap lesson. Actually, buying at the top and selling at the bottom is classic behavior for new investors who don't have a clear investment philosophy. If you had hooked up with an NAIC investment club, or joined AAII and read their materials, you would have seen the market decline not as a problem but as an opportunity, since you would only have five year plus funds in the market. Look on it as a chance to take a deep breath and realize that successful investing is much like practicing law -- you are in it for the long term results, and interim setbacks are expected and normal and just have to be factored into the success formula.

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