I was thinking of how to respond to your post about picking long-term holds. First of all, I am uncomfortable giving others advice, what works for me may not work for you, because of investing differences, expectations, financial circumstances and risk tolerance.
Second - as I was reading through the weekend's posts I think that Jenna probably answered many of your question in her posts # 41493,41494 and 41496. I would reiterate her mentioning reading financial news everyday to get a feel for the markets and what is moving strongly, even with long term picks you can get better entry points this way. Also, long-term in this day and age can be anywhere from 3 to 12 or 18 months. I read constantly and usually never buy a long-term stock unless I find from at least 3 sources information that will back up my decision to buy the stock. Also, learn from your mistakes so they will not be repeated. I have made plenty of stupid mistakes in the past 4 yrs, but believe that I can look back and know that I learned something from each and every one.
Right now for myself some of my long-termers are BRCM, INKT, WCOM, QWST, UIHIA, and a new one VYTL. I thought that Global Crossing was a long-term stock for me but I don't understand their deal with USW so I sold for a 10% profit and will maybe re-enter at a later date. I also like to buy stock in companies with stellar management, people that make money for their shareholders and not just for themselves.
Hope this helps a little bit. Regards, Debra |
