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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Gogo who wrote (43023)	6/16/2011 9:04:59 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78648

What about Nokia? 10% dividend and 8.3 PE. 8.3 PE is a fairy tale of greatness past. how did you keep your sanity in March 2009? By feeling "Like an oversexed guy in a whorehouse" (c) Buffett. Crashes are only bad if you are 100% in stocks before it, have no outside positive cash flow, and rely on cap gains for day-to-day income. My conditions were diametrically opposite: I had cash, I had outside positive cash flow, I did not need portfolio for living expenses. So, see above. ;) I hope I have the same conditions in the next crash too. ;)

To: Mr.Gogo who wrote (43023)	6/16/2011 1:42:56 PM
From: Spekulatius	2 Recommendations Respond to of 78648

>>I wanted to ask you guys, how did you keep your sanity in March 2009?<< Who said we kept our sanity <g>? Personally, I went to cheaper booze but more of it. I am not sure you could call that "sanity" though.

To: Mr.Gogo who wrote (43023)	6/16/2011 7:32:55 PM
From: Madharry	Respond to of 78648

she said she was going to buy a samsung but when the day came she went with an iphone- women have been known to change their minds.

To: Mr.Gogo who wrote (43023)	6/16/2011 8:38:03 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78648

Agree w/Clownbuck about those days (daze). Then as now, I remain fully invested. Late '08-'09 I reduced my 100% equity risk by moving from some equity positions into bond etfs and also into some preferred stocks. The preferreds were those that were mentioned/recommended by others on this thread at the time. I again followed some others here and sold almost all those preferreds as the market recovered; I have kept all the bond etfs. ===================================== As I look back at the stocks I bought during that time, I seem to have bought the stocks that looked attractive to me based on my value criteria. These seem to have been 2nd or 3rd tier stocks. In retrospect, maybe I should have stepped up for more 1st tier stocks (e.g. MCD,PG), because these were beat down as well, and buys then could provide a basis for long-term buy-and-hold. (Whereas the value stocks were sold if they just recovered in price.) I seem to be in the same mode now as then: I continue to buy small e&p companies which have downtrodden stock prices, and which appeal to me. VOG is one discussed here that keeps falling to new lows. I'm buying more of such dink companies -- some days for some of these, I am the only buyer of shares. I do scan the low list, and if/when I see some of the S&P 500 there, this time, I'll consider such more carefully. The main thing for me is that I am trying to not let a low stock price or a falling stock price determine my SELL decision.