Bob,
Interesting market philosophy. If you've been investing since 1970, does that mean that you are a) professional stockbroker or financial manager, b) retired by now and make a living investing your private portfolio, or c) not retired but do this stuff as a hobby.
The reason I'm asking is that I dream of an "early retirement" where I manage my own portfolio. Now, I manage our investments in my spare time. I do OK, but I think that if I could dedicate several hours a day to researching companies and following the economic and market info, I could really make big bucks.
I'm interested if anyone is already doing this. If so, what size portfolio do you consider is required. I would want to at least make (take) $50k a year, and still grow the porfolio after paying myself.
Sorry to be so off topic (MRVC), but I recall someone referring to MRV as my retirement vehicle.
If you didn't notice, this is my first post. I recently bought shares at $27. Here's the story. I first heard about MRV in an article about networking companies/investments. In that article, MRV was praised, and hence I decided to find out more. At first, I instantly lost interest when I saw the company had net losses for the prior 12 months. Upon looking further, I saw that the major hit to earning was one qtr in which the company had charges for an aquisition.
I'm of the opinion that many investors don't bother to investigate the details. There's an obsession with P/E and earnings making estimates or not. Perhaps this explains the relative underperformance, or doldrums for MRV recently.
But the scenario I envision is this. Next earnings report, MRV makes something close to estimates; I think thats $0.21. Overnight, their 1yr earnings will go from the current -0.32 to about +0.60. For all those who don't care about the details, or the real story, this will look fantastic. At that time, the stock catches fire.
Thoughts? Is this why everyone else bought the stock, or is it just me?
Glad to have found this party.
Stu |
