Mike, Chaz, and Bruce:
I appreciate the discussion on diversification or "diworsification" as Chaz calls it. I'm glad to know that at least one Gorilla Gamer sides with me, Mike.
I'm not talking about selling QCOM to take home and plugging it into a CD, I'm talking about diversifying my profits into other Gorillas like maybe CSCO and GMST. The reason I didn't diversify earlier is basically because I didn't have the free cash to take a large enough position in other Gorillas, but now I do. I personally now think the potential returns for GMST may have caught up to the potential returns of QCOM after its big run.
As for trying to make enough money to retire from my job and do the things I've always wanted to do, I'm too young (23), with too few dollars to be able to achieve that level with QCOM. Furthermore, I'm pretty happy with my life situation right now. I like my work a lot and I'm not working too many hours, so I can enjoy my leisure time in a variety of ways.
To me, the Gorilla Game/stock market is more a game of fun to me than anything else. Sure, "the Game" has helped my investment returns recently, but the things that I enjoy in life don't really cost too much money: Friends, family, my fiancee, God. I'm really pretty happy in my life without having too much money. The only thing that has been stopping me from enjoying the things above, recently, is the time that I've spent monitoring QCOM. It's been hampering my work a lot, and I've been choosing to monitor QCOM over hanging out with people. That's not where I want to be, and I'm going to diversify into other Gorillas to cure the problem.
Mike, you have an intriguing way of looking at diversification. My strategy was just to sell QCOM as soon as it reached my intolerance level, which I found out is probably somewhere between 55-65% of my portfolio.
Thanks for the input guys.
Grant |
