Paul, I am not betting the ranch on ELAMF ... just have maybe 8,000 shares. I am betting the ranch on the ELEX\SANM combo ...30,000 shares. I also don't feel what I am doing is risky as I know, interview personally, visit, discuss with others with first hand info, etc. all the companies in whom I invest. Sure, I can't call the economy perfectly or the market psychology in general but when it comes to ECMs I know what I am doing.
I'll tell you a story. Whei I joined my present firm they had suffered bad debt losses regularly; big ones, little ones, internatinal ones, etc. In the past foru years they have not lost a dime on a bad customer. $400 Million in sales all over the globe with no losses. I am good; really. I don't expect to lose anything personally either!
About a year ago I had budgeted to have my margin account at $80K by the end of this year. It is $400K in equity right now. I'm doin' OK! My boss (a CFO, CPA) says that I have prepared for this my entie life, my entire career.
Sorry if I sound cocky. To tell the truth I feel a little cocky every time I check my equity though. |
