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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: walkman_99 who wrote (29432)	8/18/2000 1:43:23 AM
From: Sully-	Read Replies (2) \| Respond to of 35685

<<....Like anyone, I would like to spend less time at the office and more time enjoying life. It makes sense to try these techniques using a small portion of a portfolio (maybe 10 - 15%) of your stake and you can survive the consequences. Keep your day job until you build enough equity to have some $'s to fall back on.....>> If this is part of your plan, then you should be able to learn as you go. You can afford to make mistakes & the big thing is that you will know if you have what it takes to act when your vehicle takes it on the chin. That is because you will still have your job to fall back on. For those who have decided to take the plunge & have no job to fall back on, it only makes sense to have some dry powder & cash reservesJUST IN CASE CHIT HAPPENS! Even if you do, you better be prepared to take action to preserve the vehicle & generate income, or be prepared to join the work force once again. The worst thing that can happen is to take the plunge with no prior battle scars. How does one know how they will react when they see their equity go into the crapper & it may even get worse before it gets better. It is so easy to be seduced into thinking that this is the easy life only to find out that you stand frozen in the headlights of margin call after margin call, too afraid to take action, or worse, taking the wrong action. FWIW, I am not an expert on this subject at all. I have learned the process from many fine folks right here on the porch. Voltaire has provided the blueprints to success. RR, Jim Willie, legs, she, Dealer, Rose, Clappy, polvie, Jill, Greg, Venkie, Scott, Uncle Frank, Dutch, drenko, Joel, KG4, & a host of others (no slight intended to those not mentioned) have added greatly to my understanding of how to make it work. However, we need to decide, on our own, what path we will take & what level of risk we will assume. Folks on the porch can provide some great insight, but we alone must decide what course of action to take. We need to be aware that we aren't Voltaire, or bonus, or Jim Willie. I'd say that you have taken a much safer approach to learning what type of investor you will turn out to be than most folks, including me. You have allowed yourself the ability to experiment with an approach that you think will work, yet have kept yourself safe form catastrophe if it turns out you aren't capable of acting decisively when it counts most. Please feel free to contribute to the porch. We don't bite.... well not very hard ;-) You seem to have good common sense & a plan. That sounds like a winning combo to me. Regards, Tim

To: walkman_99 who wrote (29432)	8/18/2000 7:02:12 AM
From: Clappy	Read Replies (1) \| Respond to of 35685

Walkman_99, Welcome to the porch. I see you've been here a long time but we didn't know it. Don't be a stranger. You wrote: Let me know if you think my approach is off target. I don't want to get on the wrong side of Clappy. Certainly not. I believe I'm misunderstood. The only people who get on my wrong side are people like those pesky "Clown Killers" who come here simply to pester my friends. When people screw with kind people, it gets me annoyed. I have no problem with posting points of view that differ. That's how I learn. It's when people come over here simply to taunt us, that I show the angry side of me. Some people can tolerate it. I can't. I take crap from rude people like them all the time. I won't let them screw with my friends. Hopefully I'm not misunderstood as a grump. (However, my lovely wife could argue over this. She sees my grumpy face all the time.) <g> Pull up a chair and stop lurking. Tell us more. Got any stories? Got any good jokes? -ClappyTheHappyIdiot

To: walkman_99 who wrote (29432)	8/18/2000 8:45:46 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

Welcome to the Porch Walkman 99, As I believe you already know you have joined some of the nicest folks on the internet. Glad we've pulled you out of lurking. I am assuming that you are a friend of polvie's. Since you say you have been a recent student of his. If it wasn't 6 AM in the morning I might be able to reach him and confirm, however I will go with my assumption. Any friend of polvie's is a friend of the porchers. If there is one thing he has it is some mighty fine friends and it seems that the cream of the crop have decided to join us. We are delighted. If there is anything that we can do to make your stay more pleasant do not hesitate to let us know exactly what that would be. Ya have a question just ask. We only have a couple of rules on the porch. Do not call anyone a bitch and do not use the 4 letter word that begins with "F". Ya might just call it good old common sense stuff. We kinda make them up as we go along. Hey! Enough of that. Why don't ya grab ya a chair, I'll fetch you a glass of lemonade and we can sit for a spell. You know it is pretty early would ya rather have a cup of coffee. Great! OK! Coffee it shall be. Good thang you got here good and early cause this porch can get mighty crowded around bell ringing time. Not to worry you got yourself a chair. Look I'm gonna go dig around one more time to see if I can find some news we can all talk about when everyone gets here. There's a stack of this mornings papers over there. Take a look I think you might fine "Investors Business Daily" and the "Wall Street Journal". Just make ya self at home. Hey! Congratulations. You are a porcher. Trust me everyone does not fit in and become a porcher. We have even had them try and not make it. It takes a mighty special caring person to be a porcher. OH Yea! Ya gonna get a real fuzzy feeling cause there is a lot of love on this porch. We are so glad you have joined us and again I want to say "Welcome Walkman99" love, dealer, Voltman's underpaid assistant.