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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (20538)	7/9/2010 2:24:06 PM
From: Wade	2 Recommendations Respond to of 48092

I just got this: adventuresincapitalism.com Just A Little Patience.... July 9, 2010 1:08 PM -------------------------------------------------------------------------------- Let’s face it. Running a business is difficult. Nothing ever goes as planned. There are surprises. Things rarely happen on time or on budget. You need to be a realist about this. If you invest in a company and it doesn’t work out right away—you aren’t always wrong. Sometimes things just take time. I cannot emphasize this enough. Many of my best winners took a year, sometimes two, for the business to do what I thought it would. This is especially true when a company is dealing with regulators and compliance issues. You have to ask yourself if the issue is insurmountable. If it is, sell the shares and move on. Usually, it is just a question of time. Be patient. On many other occasions, the business is doing just fine, yet the shares refuse to recognize this. It is quite remarkable really. You bought something that was growing quickly. It grew for two years and the shares were right where you bought them. You can become frustrated, or you can realize that the shares are now much cheaper than when you bought them. Even though the share price is the same, the business has become more valuable. When this happens, you should buy with both hands. It happens more often than you’d think, and those have been some of the best investments for me. As investors, we’re bombarded by television shows that make you think that everything has to be immediate. They are so focused on the next data point; they lose sight of everything else. Then you have the brokers who only make money when you shift your money around. No wonder they’re always putting ‘analysts’ on the airwaves trying to pitch you on some new stock a week after the last one. Finally, you have the hedge funds that have to show positive monthly performance if they are to continue taking in assets. If something doesn’t work in a few weeks, they sell. They just don’t have the same sort of time horizon that sane people should. You can either get scared watching each tick, or you can do your research, be confident and go read a good book. I prefer the latter. You just cannot over-analyze a business. If it all hinges on next quarter’s earnings, then you’re not investing—you’re gambling. If you think that a .1% change in GDP is a reason to sell everything, then you are going to lose money. If a $50 dollar move in gold makes you think it’s now a bad investment, then you don’t appreciate bargains when they come to you. Once you buy something, ignore the price unless something changes at the business. ...more