<<kg4, very sound advice t0 freeus. I am trying to follow a similar course myself. This market, unlike 7 months or so ago, is brutal to trade, you break even at best in my experience since april. >>
Yep....just buy quality when it's cheap and plan to hold for the lomg term....the longer the market stays down....the further it drops, the greater the opportunity, and more likely the greater ROI in 5 - 10 years.....JMO, anyway. Lets assume in 10 years, NTAP is trading at $100.....are you better off buying when it's getting slammed for $15, or $10 or even $5.....or buying when the hype is on for $30, $40 or $50........ROI will be best, if you buy when the stock is cheaper, obviously....so, it's really a matter of finding the stocks you think will be appreciably higher down the road, and building a long term position with the lowest cost basis possible.
Some folks are very adept at trading.....I believe Westera and RR and venkie and Greg are making money trading the swings, but the majority of traders lose, and even if you make some money, is it worth the stress? Yes, If your making big bucks.....no, if your just nickel and diming it......Nope, I can't predict the market any better then I can predict the winner of tomorrows baseball game or tomorrows weather, so I will stick to buying companies I think will be appreciably higher....not freak when they drop, buy more if possible and keep cost basis as low as possible and then see where we are in 5 years or more after this part of the ball game has been played out......wireless, storage, Fiber Optical.....all should see excellent growth once the economy stabalizes.....BWTFDIK
Keith |
