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Pastimes : John Dessauer's Investors World
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To: carl parent who wrote (1592)9/28/1998 6:45:00 AM
From: Wren  Read Replies (1) of 2346
 
Carl, you make a good point, but also show the difficulty of following JD.

I also subscribed to Investors World because of the foreign recommendations. I have tried to monitor the stocks that I have bought, but it is hard to get complete information on foreign stocks. JD has proved to be a good foreign stock picker, and I have made money on most of his international recommendations.

You state that an investor should not rely on one person. It is much harder to monitor investments in foreign stocks, so the person making international recommendation assumes a much more important role than an advisor who recommends US stocks.

For example, I watched STD run up and fortunately, sold solely because the P/E became very high for a bank. I sold after the STD market top, but saved myself several thousand dollars by selling.

My story with CPPKY and FFS is not as happy. In those cases, I continued to average down as JD continued to recommend the companies as buys. Now he doesn't even mention these stocks anymore, so I am left with only the information that I can get online.

JD seems to become enamored with the stocks he picks and simply rides most of them back down before he recommends selling all or even part or a position.

I have reached the conclusion that, unless JD begins to do a much better job of keeping us informed, I will not renew in January when my subscription expires. I now believe that I will be better off in one of the good mutual funds for the international portion of my portfolio.
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