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Strategies & Market Trends : Disciplined Investing, especially the NAIC way -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (422)	9/28/2003 2:16:38 PM
From: The Philosopher	Respond to of 469

I try hard to avoid worrying about economic fluctuations. I do think about long term economic trends -- outsourcing of manufacturing to third world countries, robotics and technology, etc. But currency fluctuations, unemployment statistics, and the like ae like stock prices -- they go up and down. I buy individual stocks, not the market. No matter what happens with the market or the economy, at the end of every five year period (my investment time frame) some stocks will have risen in price at least twofold. Those are the ones I try to own. I only need 20 stocks at a time to make money for me. I have enough to think about picking those 20 stocks without worrying about economic fluctuations. So I can't really comment on your post. Not that I don't appreciate your posting it -- I do -- for those who will find it of interest. But for me, those whole economic discussions pass right over my head. (It's not that I couldn't understand them if I wanted to; with a graduate degree in finance among others I could work it out. It's just that I have other priorities for my time.)