**OFF-TOPIC** RE: >>investing in boring stocks like P&G, MOB
From my perspective as an individual investor, I feel that investing, when properly practised, is a reasonably boring activity. It is only when one practises it improperly does he/she get into exciting situations! :-) And more often than not, the excitement costs you money rather than make you money!.
Whenever I see people at social gatherings hogging the limelight with talk about how they discovered the latest hi-flying hi-tech razzle-dazzle stock, I always ask that they should check for themselves, the performance of their entire portfolios over a period of 3 years or so, accounting for taxes, commissions, magazine subscriptions etc., and find out for themselves if they outperformed the Coward's Portfolio (a 50% stock index, 50% bond index portfolio -- details available at scottburns.com).
And guess what? Most of the time they don't get back to me! I wonder why? :-) Maybe many of them do not even have the courage to go through the exercise that I suggested, lest they realize that all their frenetic activity is not helping them any, if not actually hurting them.
>>PS Please look up the old Gandf thread and see the similarities. People seem to loose their manners when loosing money.
Can't blame them, especially when I have flown off the handle even when I haven't lost any money! :-)
Dipy. |
