Kirk, Yes I wish I had bought INTC during its big move, however if you had owned msft at the time of the utek recommendation you would have doubled your money (and I have)....
Greg, I bought Msft within months of buying Intel back then...8)
Old link, but still there....http://pw2.netcom.com/~kirk_69/MyPerformance.html
is it not true that investing is also "knowing" the right timing?..
If you are lucky and very good. Bob wasn't lucky with Utek. Sometimes we catch bottoms. For Msft and Intel, these bottoms or flat spots were about 2 yrs wide. I believe successful, great, investing is buying great companies when others don't see their potential or are just not paying the premium.
More interesting to me than the old Utek rehash is Bob's metamorphasis from trying to outperform the market with great, no load, low fee, fund selection to just matching the market with good index funds. I remember him saying a couple of yrs ago that he wanted to beat the market and now, with the market creaming most funds for after tax returns, Bob is clearly a big fan of the index funds. Many of us keep trying to beat the market with great stock selection, but our risks are probably way out of line with the extra returns we get as Bob has so well pointed out.
I agree his timing was not perfect on Utek, but I'm glad he pointed out a company for me to look into and I have actually made money on....(I doubled up at $20)
regards
Kirk out
PS
To the guilty parties - I agree with Dippy (oh oh!)....Personal attacks on someone's handicaps is childish. |
