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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: LindyBill who wrote (2741)6/18/1999 6:48:00 PM
From: Brian K Crawford  Respond to of 54805
 
Congratulations Bill! That was fun, informative, and inspirational reading.

Imagine: a dandy dresser, a fast stepper, and worth 7 figures...you da man!

Brian



To: LindyBill who wrote (2741)6/18/1999 6:56:00 PM
From: DownSouth  Read Replies (1) | Respond to of 54805
 
Speaking for myself, LB, I do not find your story to be "uncouth" at all. I find it motivating and exciting. Thanks for sharing.

(I was kinda glad, in a selfish, stupid way, that you had not reached a goal of something like $100M. I wouldn't know how to talk to you then! I can relate to the scale of your story, though.)

Your performance has been exceptional and shows an incredible discipline, which I aspire to attain. I, too, and on the verge of a similar goal based on a rollover of a 10 year old 401(k) into my IRA in January 1996. I am on the verge of quadrupling my portfolio value since then.

I spent 1996 buying and holding dogs of the dow, INTC, MSFT, CSCO and a few expensive forays into speculative trading.

My discipline through 1997 was not as good as yours (not even close), LB, but I learned so much and I was blessed with this wonderful bull market.

Advice to look at SI from a poster on Motley Fool was, in retrospect, the most valuable tip I ever had. I was suddenly able to listen to people who knew a whole lot more than I, as they discussed MSFT, CSCO, INTC, RMBS, QCOM and a few others. The insight that they shared caused me to stop second guessing why a stock was behaving badly and make less emotional decisions.

The second most valuable tip I ever got was coming to G/K thread. I found QCOM, UNPH, PMCS and a few other winners here. As important, I am learning practical lessons by example from folks like you.

Thanks, again, zoot man, for sharing your great story. You will see your next goal soon, I believe, perhaps before the time of your original goal of 2004, I hope so, and I plan to be here with you when it happens!



To: LindyBill who wrote (2741)6/18/1999 6:59:00 PM
From: Uncle Frank  Respond to of 54805
 
Bill, I couldn't happen to a neater threadmate.
You've enriched all of us with your advice,
energy, and wit. It's good to see a nice guy
cross the finish line in first place.

Frank

btw, if you keep talking, the Market Gods will
hear and spank you.



To: LindyBill who wrote (2741)6/18/1999 7:36:00 PM
From: slacker711  Respond to of 54805
 
That is an incredible performance. Congratulations on meeting (and beating) your goals. Hope you celebrate this achievement with friends and family over the father's day weekend (I think a little dancing may be in order). I'm probably going to e-mail your story to people I know who havent started investing yet. Hopefully you will help them see the light.

I'm sure others have similair goals as well (I know I do)....Good luck to all.

Slaker



To: LindyBill who wrote (2741)6/18/1999 7:54:00 PM
From: T L Comiskey  Respond to of 54805
 
LindyBill ...just read your post on your Fin.Goal being achieved....Congratulations........enjoy your Day(s) in the sun..and .may the gods be kind to you......Best...Tim



To: LindyBill who wrote (2741)6/18/1999 7:57:00 PM
From: Jill  Respond to of 54805
 
Totally inspiring, Lindy cha-cha. Jill <eom>



To: LindyBill who wrote (2741)6/18/1999 9:21:00 PM
From: Jean M. Gauthier  Read Replies (1) | Respond to of 54805
 
Congratulations.. !!!

I am proud of you !

I , unfortunately only got rid of my "full-service" broker in 1998, so I am only starting out.

What frustrates me tremendously is :

1- Did I miss most of this great bull market ?

2- I "KNEW", god strike me dead that Wintel was the future in 1988 or so, except that since I was in Canada, concentrated only on (shitty) canadian stocks with my full service, expensive broker.

I hope I can reach my goal too, but I will use your wonderful example to try to salvage my financial picture, already very, very damaged (to the tune of $ 30,000 in losses over the last 6 years or so)

Check my portfolio for an idea of what I have now to try to overcome my "deficit".

Again, congratulations

Take care
Jean



To: LindyBill who wrote (2741)6/18/1999 9:44:00 PM
From: Poet  Respond to of 54805
 
LindyBill, your post made my day. What a wonderful read and a source of inspiration to all of us. May you never lose sight of your goals, both financial and personal.



To: LindyBill who wrote (2741)6/18/1999 10:48:00 PM
From: William  Read Replies (1) | Respond to of 54805
 
LB
Thanks for taking the risk of being uncouth and sharing with us your details on the road to the goal line. We are all here trying to set up for a bit better future, and I really think that the GG and even more so, this thread, will enable more of us to join you. Thanks to you and Mike and FranQ, the rest of us just may make it. Let's ride the Q to the top.

William



To: LindyBill who wrote (2741)6/18/1999 11:34:00 PM
From: Rick  Respond to of 54805
 
Congratulations on an inspirational story, well told. I'm sending it to some friends who need the encouragement. Right now, they are in the clutches of "Blue Chip" (famous names, and low returns guaranteed) Mutual Funds.

Happy Father's day.

Fred



To: LindyBill who wrote (2741)6/18/1999 11:36:00 PM
From: Tlac  Respond to of 54805
 
Lindy,

Wow.

I get your IRR @ ~80% per annum! Do you realize that you have pulled off a 2.2WB?

I just printed your post and intend mount it in a most sacred place (tacked to the wall next to my computer here, right next to all my chicken-scratched notes about possible future rates of return on various positions under consideration).

At your pace you will best $14 M by 2004. Ain't that a hoot?

Kelly



To: LindyBill who wrote (2741)6/19/1999 12:29:00 AM
From: voop  Respond to of 54805
 
Congratulations Bill...I have been following your posts and your lead and trying to whittle down to the winners.

When will you form your money management organization so I can invest?

Voop



To: LindyBill who wrote (2741)6/19/1999 1:30:00 AM
From: Mike Buckley  Read Replies (1) | Respond to of 54805
 
Lindy,

Have you calculated the annualized return including factoring in the money you added to your portfolio? If not, I'll be happy to do that for you. You can't do it without a financial calculator, a spreadsheet, or a math genius. (Considering that I'm not the latter, I rely on the other two options.)

I sure hope you aren't flamed. I can think of a million :) reasons that you posted the information. I hope others are as inspired by your open and friendly nature as I am. Regardless, a million congratulations to you.

--Mike Buckley

P. S. Not to worry. I won't be buying and selling you. Hopefully emulating you but not buying and selling you. :)



To: LindyBill who wrote (2741)6/19/1999 3:22:00 AM
From: chaz  Respond to of 54805
 
I'm sending copies of your wonderful post to each of my kids. You've managed a roughly 70% annual growth, some years better than others. The key, other than those you've outlined, is to keep the goal in sight and believe that it can be reached. Can't have what you can't dream!

It's not going to take you another seven years to make the second million, and it may not take you three to make the next three, but you only need a 60% number to get there. Heck Bill, now that you know how, piece of cake! Let me be the first to congratulate you on the second goal's attainment.

Chaz



To: LindyBill who wrote (2741)6/19/1999 10:14:00 AM
From: t2  Read Replies (2) | Respond to of 54805
 
LindyBill, Contrats on your success. I am not a regular on this thread as i only invest mostly in Microsoft (Jill N. posted a message on the MSFT thread).
I am very happy for you. You should go out and buy a brand new Cadilac to celebrate.
As far as your goal of 4 million, you will get there in no time. However, don't waste too much time in following the markets. Enjoy life. I am on the verge of getting away from the markets myself (the wife is threatening me). I just want to play out the July earnings season.

What i find amazing about your success is that you have done it without options trading. Incredible!!!

Congratulations.



To: LindyBill who wrote (2741)6/19/1999 11:21:00 AM
From: KY  Respond to of 54805
 
Lindybill,

I too find your acheivement inspiring.

Right now, I think I am young in my investment career...probably where like you back in 93/94.

Question:

What would you estimate as your portfolio turnover rate? 10%? 50%? 100% a year?

I am more of a buy and holder myself...from your post it looks like you probably lean more that way as well.

Thanks. KY



To: LindyBill who wrote (2741)6/19/1999 12:59:00 PM
From: red jinn  Read Replies (4) | Respond to of 54805
 
Lindy: i'm a lurker, have been out of the country for a while, and am trying to catch up on the posts, and i wanted to let you know (and others have already) that your story friday was inspirational and you told it without losing any couth, imo.

but i feel i should comment on (really supplement) your statement that you have been "succesful" b/c of: "The core values that have made America great. The use of reason, The protection of Individual rights, and the use of Science and Technology that came out of the first two, which has made America the greatest Civilization the world has ever seen." There's probably a lot we'd agree on, but here's the supplement:

if you read the u.s. constitution as originally drafted, i.e., without the bill of rights, it is almost entirely directions for a process, e.g., you must be 25 before you can run for congress, the senate must approve treaties by 2/3 vote, congress shall have the power to do x, y, and z, but it doesn't have to, etc. it's a how-to manual, but not a what, so to speak. in fact, unlike every other constitution ever written -- look at the russian constitution, which guaranteed everyone the right to a job, healthcare, religious freedom, etc. ad nauseum -- our constitution uses the word "right" only once once. it's in article I, Section 8, where it says that "congress shall ... to promote the Progress of Science and the useful Arts, [secure] for limited Times to Authors and Inventors, the exclusive Right to their respective Writings and Discoveries."

that is the genesis of our intellectual property laws (and geo. washington signed the first patent, the inventor of which is buried about 1/2 mile from where i live, in 1792). and while i am constantly
amazed at our founders the more i know about them, i think that it is extraordinary that these gentlemen, who counted their wealth in slaves, wheatfields, and specie, said we're not protecting that kind of tangible property specifically. no, we're going to protect the property of the mind - which, admittedly, they had plenty of - and nothing else. of course the chinese are just beginning to recognize that ideas can be an individual's property only 200 or so years later.

i'm an intellectual property lawyer, and i use this story in about every speech i give to remind the audience of what a remarkable country they live in (and indirectly, if they make the connection, how lucky they are).

'nuff said. best regards and thanks to all who contribute on this thread. red jinn



To: LindyBill who wrote (2741)6/19/1999 2:21:00 PM
From: Catcher  Read Replies (1) | Respond to of 54805
 
did you use margin to meet your goal



To: LindyBill who wrote (2741)6/19/1999 10:35:00 PM
From: PMS Witch  Respond to of 54805
 
Congratulations on reaching your goal. Also helpful is the 'roadmap' you've been generous enough to share. A famous athlete once said "It isn't bragging if you can do it" and I believe Mark Twain said that "If a man can boast without lying, go ahead. He's earned the right."

Cheerios, PW. (TDIQ,SDP)

I've missed your contributions on the CSCO thread.




To: LindyBill who wrote (2741)6/20/1999 10:56:00 AM
From: The Commander  Respond to of 54805
 
Congratulations on reaching your goal.

I've never posted to a millionaire before! It feels rather strange.

What struck me about your post was how success came you way once you turned you back your broker and started investing independently. You also took large positions in a very few companies which you seemed to know something about and were comfortable with. In fact, over time, you have defended these same companies when they were attacked by the Thread Morons.

You posted the timelines of your positions. You've held steadfastly through some trying times; and hence, reaped the rewards missed by less steadfast investors. Above all, you've been willing to share your observations and opinions with others. You deserve your reward and you've earned it.

By generously sharing with others the path you have taken to reach your goals, you have provided us with much needed encouragement. When things seem to not go our way, we'll be able to look at the example you've set, and realize that investing has its peaks and valleys, and reaching our goals requires a commitment to a workable plan.

Thank-you for sharing your experience, I'm sure it will be a great help and inspiration to many.

Fred.




To: LindyBill who wrote (2741)6/20/1999 11:02:00 AM
From: Labrador  Read Replies (1) | Respond to of 54805
 
that 1999 purchase of 6000+ shares of QCOM was a real ballsy move; very limited diversification -- and a real risk. congratulations, but you may want to diversify.



To: LindyBill who wrote (2741)6/20/1999 4:12:00 PM
From: R.V.M.  Respond to of 54805
 
LindyBill,

What a great story of goal-setting, along with courage, persistence, and patience. And I imagine that someone generous enough to share their experience gets almost as big a thrill in teaching their grandkids to dance!

Jill M.



To: LindyBill who wrote (2741)7/12/1999 11:49:00 AM
From: carl a. mehr  Read Replies (1) | Respond to of 54805
 
LindyBill,
Thanks for your report - I love to hear success stories!

" The first Million is the Hardest!"

How true - you will, hop, skip and jump from one million to the next!

I am doing about 40% per annum compounded yearly for the last 10 years. I don't add money to my account - just more margin!

Best of luck
humble carl
PS- I too posted an uncout message: ..a 7 figure margin call..
Try to top that! Message 10456010




To: LindyBill who wrote (2741)7/14/1999 3:09:00 PM
From: carl a. mehr  Respond to of 54805
 
LindyBill,
You are about the same age as I am, so in terms of 1950 dollars it takes a bit more to have a million, but you are moving right along.

Message 10506365

Best of luck, but I think that the cabinet business is suffering for lack of attention.
humble carl



To: LindyBill who wrote (2741)8/2/2000 11:31:03 PM
From: MrFord  Read Replies (2) | Respond to of 54805
 
Dear Bill: Thank you for the privilege of letting me read your story. You are truly an inspiration! I have printed it out and will share it with Douglas. Alex



To: LindyBill who wrote (2741)8/3/2000 5:59:22 PM
From: Mephisto  Respond to of 54805
 
"Ya gotta know when to hold em,
Know when to fold em.
Know when to walk away.
And know when to run!"


I luv that Kenny Rogers song. I play it often on my CD and I believe you gotta be able to do it if you are in the stock market.

I agree:

I sold the losers and put the money into the winners,

This strategy has helped me greatly! I sell the losers which helps cut my capital gains taxes, and pour the money that is left into winners.

I haven't made as much money as you, and I do have a serious flaw: I am interested in too many stocks! I've got to stop that!

Thanks, for you post! Someone pointed it out to me.

Cheers,

Mephisto



To: LindyBill who wrote (2741)8/6/2002 11:05:39 PM
From: Freeflight  Read Replies (1) | Respond to of 54805
 
top 2 market leaders in every industry will be golden for next 20 years. thoughts? the skeleton backbone of this growing child called the earth needs the Internet backbone to be built. at some point each human will be a cell on this new single organism called earth. the cells have to all be interlinked. SAN's will be the brain, Internet infrustructure the nervous system and Manufacturing the heart, farming are the apendeges and satellites the eyes. Government will be the dream pattern and social mores.



To: LindyBill who wrote (2741)8/22/2002 9:19:09 PM
From: Mad2  Read Replies (1) | Respond to of 54805
 
Am curious, saw the post to which I'm responding which was of course quite good and likely a result of comittment.
If you look at where your at today and figure your IRR going back to 92, what does it figure to?
Have you altered your strategy since the market turned for the worse?
BR, mad2