Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Fred Davis who wrote (9714)	11/6/1999 8:42:00 AM
From: Mike Buckley	Read Replies (2) of 54805

Fred, A special congratulations goes to you for your initial foray into gorilla gaming. Considering that the first manual came out last year, none of us are far ahead of you in that regard. However, when you see that some folks around here are saying goodbye to their day jobs, I'd like to offer some perspective about your $10,000 outlay, especially if that's your total portfolio value. When it comes to saving and investing, the most difficult part for so many people is getting started! They understandably feel that saving that first $1000 won't really affect anything so they'd rather buy a new suit, enjoy a couple fancy restaurant meals, and take a long weekend at a modest bed and breakfast. But ya gotta start somewhere and you are obviously past that point! I began keeping serious track of my investments in 1990 though I had been saving long before that. (There have been very few years that I didn't spend less than I earned including the early years of my career when my earnings were meager.) When I look at the progress of my portfolio today as measured from the start of the decade, I see that it is now 19 times larger. For every dollar of net savings (I record every addition to and withdrawal from our portfolio), there are $3.25 of earnings. Though I don't have the billions that Senator Everett Dirksen referred to in his famous remark, he's right that after awhile it really begins to add up. But not if ya don't start saving and investing. Your post should be a beacon to those who think there's no point in starting a savings plan. Have a great weekend and thanks for joining our version of Camelot. --Mike Buckley

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