Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (19015)	2/26/2003 7:17:31 AM
From: chowder	Read Replies (1) \| Respond to of 23153

EP, let me share my objectives with you, then I'll share my strategy. My objective is to outproduce the S&P 500 in the years it shows a profit. In the years it shows a loss, I want to show a profit. These goals are modest in my opinion, yet they will have me outproducing 80% of the market. When I read about studies done by a major brokerage house that shows only 8% of their retail investors showed a profit over a 10 year period, the mid 80's to mid 90's, then you have my attention. The greatest market boom in our generation and only 8% of retail accounts were profitable. I refer to the 92% that failed as dream chasers. Chasing the dream caused them to make too many mistakes, mistakes that cost them too much capital. I don't normally run more than 3 positions at a time. I don't normally invest more than 10% in any one holding. I have to assume I'm going to make a mistake and I don't want a mistake to wipe out too much of my capital. As the market conditions improve, I'm assuming they will one day, I'll adjust the number of positions at risk. dabum