Lynn **OT**
>> Buy quality in the first place; put the certificates under one's mattress; sell if one sees dramatic, negative prospects for the (long-term) future or has earmarked and now needs proceeds from some of the shares for something non-stock market (i.e. new house, children's education); or better yet, let one's heirs inherit the stock! <<
I like your last paragraph. Very well defined, as I learned over time.
>>negative prospects for the (long-term) future<< I bought 1000 Magna Intl for 18 in 1987 because it had terrific management concepts.
They overexpanded, went to $2, I stuck in there (partly laziness, I admit) but it went to 110 , recently 85. Well managed. The negative prospects were not long term. So, I got saved.
>> ... childrens' education ....<< That is where I sold, for a while. Promised 5 children 4 years each and 16 of those years were MIT.
>>.. or better yet, let one's heirs inherit...<< When you get nearer, let me tell you about a sign I saw in a travel agency:
“If you don't fly First Class, your heirs will “
Walter in Hong Kong |
