Agreed. I recall last year thinking 'my stocks have met their 10 year goals already, after only 3 years'. If I had been a trader, I'd have sold all and sat back like Ken, pontificating about my prowess.
But -- and here's the important part -- I didn't, because I believe that the stocks I held then were really worth that much, just not yet. And if I had been that trader, I would now be buying back, not waiting for a further fall. Hence, being consistent, I'm now taking the opportunity to redress the one mistake I had made in my investing, and that was not investing enough of my capital in quality stocks. I plan to be 100% invested by mid-year or earlier, I'm around 80% right now, and then I'm going to unplug my computer and forget about the market until 2005*.
That's the real way to make money.
P.
(except for the call 02/03 LEAPS which I hold, which I will have to exercise in January 2002 and 2003, assuming they don't expire worthless and I come back with a sincere apology to Ken. No. No apologies. There is no excuse in this life for being so negative, other than clinical depression). |
