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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (9887)	2/8/2001 8:09:59 PM
From: D.B. Cooper	Read Replies (5) \| Respond to of 13572

Hank I have been having trouble thinking about how to respond to you about my investing style. I would say that I have been very lucky rather than good. Do not look to me as any stock guru as I have made my share of mistakes. However the good choices have in the long run out weighted the bad decisions. In the beginning not a clue, invested in mutual funds namely bonds as they where the "safest". then Fidelity Magellan .I still keep some money there. About 2 years ago these and other investments started to build in size. I went for months and wasn't aware if they went up, down or sideways. This was all in my 401 account at work. Meanwhile other investments begin to build at a much faster rate. Because of my "safer' investments we, my wife and I started to take much riskier chances in stocks We bought MSFT at just about the beginning. Emc soon after. INTC for years. In the mean time I kept the same job for 26 years, same house for 30 years(paid for). Also lucky to have the same wife for 30 years so I have kept my divorce costs down.<VBG>. We had one daughter who is the apple of her dads eye and went on to college and became a chemical engineer. Then, when was it, when QCOM began that first run. When they announced the agreement with Erickson I thought that it was then the answer to everything and would be bigger than canned milk and I bought big. then JDSU sometimes EXDS I would trade. RMBS I had bought just after the IPO offering. Everything worked. I made a lot of money in that great bull run. If only I had sold at the top in March. I was way too greedy . I mean what did QCOM run up that one day 150 pts? Long story to a short story is that I got out with enough to supplement my pension that I received from work. We were on a peer 80 plan where your years of service and age equal 80. I was very lucky to have a wife that after my daughter got into high school went looking for a job. She was hired to answer the phones during the secretaries lunch hour. She ended up being the CEO of a very very fast growing company that went from 6 employees to 90 and was very well paid. We paid off all the bills have a nice cash reserve and now are settling in. <VBG> We are not rich. But should have a nice middle income living as far as I can see. No secret very hard work as far as I am concerned. Even the investments we research When you are two high school kids you realize after a while that when you are making or losing a years salary in a stock in one day it is time to pull in. That to lose that amount of money is very foolish and that it could take you years of hard work to get it back.