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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (10966)4/4/2000 7:47:00 PM
From: dustcatcher  Read Replies (2) of 35685
 
Volty:

I'm almost old enough to qualify as a parent to most on the board--but I was a babe in arms in the late '20s. I didn't begin to buy stocks until about 1953. Since then, with some fits and starts (fits especially when I went back to school and had zero money for such things) I have been in the market. Throughout this time I have never felt the urge to use margin and consequently never have done so. I'm the very paragon of a LTBH investor and make maybe up to a dozen trades a year--most of them purchases, usually adding to past positions.

As a result of my conservatism I had no problem at all yesterday or today and never thought (seriously or otherwise) of selling anything I own even though LPTHA and GSTRF got hit--as did LWIN. You said that the market will turn around and you are very, very right. Here's hoping that this thought is a bit helpful to those who contributed some blood to the streets

See, this is what you get when you use older folks as good models!
---Jack---
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