JF,
Actually, when you have a LOT of MONEY, this stock market thing just becomes a 'plaything'! With the online trading, and 'tax sheltered' accounts, the costs of trading is really pretty minimal! Since there is no 'tax liability', your trades are made on the information that you have available at the time. The information that has taken place on this thread since I joined January 17th of 1998, has allowed me to evaluate and invest making an additional 15% on my portfolio! That means that instead of being up 45%, I am up 60+%. If I started with $1M, then I am up $600K+, which is $150K more that I would have had! I didn't start taking a serious interest until 2/23/98. Today is 4/6/98 and that is about 30 market days, making it about $5K ADDITIONAL per day! ($20K vs. $15K per day!)
Sure, $18K is nice, but it is less that 1 average day!
Remember, some here just are filling the time, and chatting with other investors! Keeps us out of the 'bars', and internet service is really cheap!
Cheers, and Good Luck!
Regards,
Ken |
