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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (43363)7/18/2011 9:03:08 AM
From: Madharry2 Recommendations  Read Replies (1) of 78822
 
to say here shoulda could woulda here might be emotionally gratifying but isnt very logical, we could all be mulitmillionaires if only we could buy tomorrows newspaper today. unfortunately we cant. going back 40years of investing, I dont think I ever made a significant mistake buying a stock in the wrong time frame of a couple of months. rather my large mistakes have been from taking short term gains when stocks were in good uptrends because i thought the stock was approaching fair value- disney and apple to name two, and not getting out when the techinicals were telling me to- gfre, apex silver. the other huge mistakes i ve made investing came out of fear of a small loss overlooking the fact that I could potentially end up with a large gain simply by patiently holding on. This is best illustrated by the following: I had an apt in nyc that I sold at a rock bottom price in order to avoid the expense of paying a 6% sales commision down the road. as a result i missed out on probably a 1000% return on my investment. Now at the time it was hard to tell when the price appreciation would occur but I had already lined up a renter for two years that wuold have covered all my holding costs when a buyer emerged at the eleventh hour.

Sometimes i can learn from this experience and it enabled me to hold on to most of my slw despite the huge price appreciation. I plan on doing the same with many of my other mining holdings. I am willing to hold on to a stock for years as long the company seems to be moving forward with its plans. while short term performance can be stressful, its best to grin and bear it and realize that one if being paid in the stock market to put up with the volatility.
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