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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: debby who wrote (36918)12/22/2000 10:32:25 AM
From: Mike Buckley  Read Replies (1) of 54805
 
debby,

Do you mean stay in the market even though you see your profits going down 60%?

Yes, especially then! (If you've selected the leading, market-dominating companies in rapidly growing industries.) The biggest single mistake investors make is buying high and selling low. That's not because buying high is so bad. It's because when their stocks get lower they sell. If they had waited, their stocks eventually would have gone back up. Sometimes it's taken a decade or more for that to happen, but stocks have always gone onto new highs.

You need nerves of steel to do this

Yes, for some, especially for people relatively new to investing. After awhile though, there's a tendency to get used to the volatility. That's because after years of investing, it becomes easier and easier to see the disassociation between volatility and risk. The single best way to rid yourself of the discomfort of volatility is to invest disposable funds that you don't need for at least 10 years.

--Mike Buckley
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