Yes, you did answer my point, Chuzzlewit. And this time, at least, you will not have to face the charge of being an eel. <g>
I am sure your advice is excellent. The problem is that I don't know a put from a call, and I never set a "price point".
I would like to say that I invest in the spirit of the lady lawyer who held an obscure position in the IRS (which she hated), and who bought 5 stocks for several thousand dollars at some point in the '50's, I think, and held them till she died a few years ago. By that time, the stocks were worth about $10 million dollars. (She left it all to Yeshiva University, which she had never attended, to spite the IRS.)
Yes, I would like to say that. But the fact is that I am not a convinced buy-and-holder. (More precisely, I think buying and holding is a crock, in today's environment, at least.) The truth is, as I noted in my post to Joe E., I am just lazy. Hence I have no experience of doing the sensible things you suggest. :-((
Joan |
