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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: yaetmo who wrote (2932)	3/21/2015 11:01:02 PM
From: Kirk ©	Read Replies (2) \| Respond to of 27108

Yes, you are right about dividends. Most of the charts I do in the newsletter are with dividends reinvested unless I just show the index. Here is your Schwab 1000 fund with and without dividends plus another (FLPSX) I own and I believe you also had and maybe still have. At these all time highs, I feel almost silly taking profits on the way up... but all that cash by skimming a few profits on the way up is really nice whenever we do get another major decline.

To: yaetmo who wrote (2932)	3/21/2015 11:14:23 PM
From: Kirk ©	Respond to of 27108

Here I added my best performing fund... FBIOX. I put something like $12K into it sometime after I sold my Fidelity Select regional bank fund before the housing bubble collapsed in 2005... when World Savings / Wachovia kept trying to give me a loan and all I did was cash newsletter checks there, they had no idea I had much money... Anyway, I wanted to diversify ... it went down with the overall market but boy did it recover since then! I've traded it a bit for some added gain but I'd have done better to just buy and hold. I've taken out twice what I put in and I think I still have over 3 times my initial investment in the fund, all profits. So many people just don't get the effects of compounding on returns AND how you can take a few chips off the table as it goes up and if there is a big decline, put them back in! FWIW, I took more profits in FBIOX on Friday as it does look like a bubble... I rode Montgomery telecom fund up for similar gains in the 1990s and didn't peel off profits as I'd hit the AMT threshold for taking profits in stocks with bigger gains like my HP, LRCX (20x), etc....... never again for bubble looking stocks or funds will I miss that opportunity to peel SOME off on the way up!