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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: elpolvo who wrote (59013)	8/19/2003 10:23:39 AM
From: RR	Read Replies (3) \| Respond to of 65232

Thanks Polvie! I like that picture, too! we'll give you 24 hours to explain how you can do this while all around you are losing their heads. <vbg> Hey, you know my strategy. Really very simple. Starts with a plan. A plan that includes short, intermediate, and long term goals. The plan has to fit your life plan, too. Must have the discipline to follow the plan. Live within your means, don't get greedy. Become debt free. Will take years to do for most people. Put some back. Save. You'll recall I had a long term goal set when I was about 22 to be debt free by 40. The wife and I sat home a lot of weekends over the years to save money when others went to the lake and blew theirs. They are still in debt up to their eyeballs. We're not. As you become more debt free, assume more risk investment wise. Seek the greater returns, like options. Start with LTBH, dollar cost averaging, reinvest all dividends. BTW, ever done the math on compound interest? Buy quality. Give it time. Build the base. Takes years, decades actually. My first stock was a utility stock bought 35 years ago as a teenager. Still have it to this day. Added to it along the way, reinvesting dividends, too. Sell covered calls once you build a nice pot. Trading wise... can't get greedy. Take losses when a trade turns against you and get out. Preserve capital. For trading, you don't have to be in the market every day. Patience. Don't go for the home run all the time. Take small profits over and over and over again until stinking rich. You knew I was going to say all that..... RR