Calculated Risk,
<Cheryl, Congratulations! But what you are doing is akin to gambling AND a terrible example for others (as far as investing).>
I TOTALLY agree with you, that this is akin to gambling. Any stock we invest in is "gambling", particularly now with how inflated the market is.
I've always been a risk taker ... except when it came to getting married - LOL. I'm one of those blackjack players that doubles down. I also know when to walk away from the table.
I can afford to take this risk. I don't have children. I don't have a husband. My home's paid for. No debt. I can take the risk, where others can't or shouldn't.
I take measured risks ... backed up by a phenomenal amount of personal research.
However, with all of my friends/family I encourage them to be diversified. And, NOT do what I do. (Most of them don't know what I do - my mom would have a heart attack!) They are all diversified. Mostly mutual funds & my favorite Y2K stocks.
<terrible example for others>
If you had been on this thread since last year, you'd see I continually encourage people to do their own DD. I harp on that. I make every effort to provide research so they understand "Year 2000", the embedded system problem and the company. Besides, I never publicly posted what percentage of TAVA I hold ... you did. I don't encourage people to emulate me.
<No matter how much you research a situation, something can go wrong. Diversification also applies to industry sectors
I totally agree. But, I'm willing to take that risk at this point in time. And, I feel very comfortable with that risk. Fourth quarter I would never consider it. I don't like 4th quarters. I'm known to pull my money out of the market then.
<being 100% invested in Y2K is (IMO) also a mistake (as would being 100% short Y2K<g>).>
Well, this is where we disagree. I will very likely be TOTALLY out of the market around March 1999. Until that time, I believe this is the strongest sector to be in ... on selective stocks. And TAVA is one I believe in.
Cheryl |
