Konrad - Re: "A flat price is a flat price, short-term or long-term. You have wasted six months of time sitting on a non-rising stock when you could have been making money on other stocks. "
Get your facts straight before you set yourself up as the Master Investor.
Intel closed at $130.9375 and the Dow closed at 6448.27 on Dec. 31, 1996
Intel closed today at $149.625 and the Dow closed at 7962.31.
This represents a 14.27% INCREASE in Intel vs. a 23.48% INCREASE in the DOW Jones Industrial Average since the beginning of 1997.
This is NOT A FLAT PERFORMANCE, Konrad.
Also, the DOW has benefited from several additional factors - First, 3 dogs were tossed out and replaced with 3 other stocks. Second, many DOW stocks split after which the rise in the DOW was greatly magnified due to the peculiar way the DOW is calculated and the increases are MAGNIFIED following stock splits.
All in all, Intel isn't doing poorly nor spectacularly since the first of the year.
However, anybody who worries incessantly about short term performance, and not long term performance, as you are doing, will likely fare poorly over the long run if you dart in and out of investments based on just a few months performance.
I'm certain you can understand the importance of holding strategic investments for long periods of time, over which time their performance is COMPOUNDED dramatically. Look at Intel's 1 year, 2 year, 5 year, 10 year, 20 year performance, Konrad.
Then again, I may be overestimating your abilities.
Paul |
