Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jbe who wrote (22628)	5/21/1998 4:02:00 PM
From: waverider	Read Replies (3) of 95453

jbe, an excellent analysis...and EXACTLY my experience...give or take a few numbers. I've asked myself the same questions. The only reason I play with this individual stock stuff is because I find it rather educational...and sometimes fun when I win. However, if I were to consider it my job and calculate the number of hours I spend reading SI, researching, and keeping track of any trading over the year and consider the money I have made...a prudent man would say I should find another job and give my money over to the Heartland Value Fund. That said...long term investing shouldn't take a lot of time IF you do the right research in the first place. Now that is the big question isn't it? I believe in this sector, as so eloquently stated by Big Dog, so I remain a long term investor and will leave well enough alone to hopefully watch my profits increase over the next few years. One does need to keep an eye on things, however...and that takes time. How much is your time worth? Is it better spent elsewhere? At times like these one seriously questions one's talents and abilities...and can develop painful ulcers. I often admire my two kids as they play outside with nothing more to worry about than when to eat dinner. It only takes a phone call to one's broker or a click of the mouse to relieve the pressure this financial game places on you. Think about that... As for me, I'll soon be writing for a living and found that my option and margin levels were preventing me from thinking straight...so I cash 'em in a couple weeks ago. Do what let's you play and sleep in peace. <H>

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