To: chowder who wrote (1412 ) 12/6/2021 5:22:48 AM From: LuisG 4 RecommendationsRecommended By Dave the wildpitcher jvincen2 rnsmth The Beard
Read Replies (2) | Respond to of 2146 Hi Chowder, Let's try to demonstrate if I've learned something from you all these years (hope so). >>How do you define "best results"?<< Well, many people define results comparing with the market (wigan 4 is one of them as he tries to beat the SP500). BUT, I know the results should be according to the objectives one marks. 1.- How much do you need?. 2.- When do you need them?. 3.- How sure are you will accomplish them? So the best results will vary depending on the age and objectives of the investor. Anyway, I must say that the SP500 high returns the last 5 years have made many people think about indexing as the best way of invest (specially if you're in the market not as many years as you). >>What time frame do you use for best results?<< 10 years. I think it's enough time for a company to demonstrate if it's going up, down or doing nothing at all. Although the last 10 years have been a rally up (in USA, not in Europe, not in Spain). The Chowder formula uses 5 year dividend-growth-rate and sometimes I've seen use 10 years to be more accurate. >> if we are required to monitor and change doesn't that require us to have some basic knowledge skills on how to manage a portfolio?<< That's why I said about recommend 5 books to read in order to learn the basics. The big part comes with experience and forums like this one. ¿My books? The ones you told us time ago. - The Ultimate Dividend Playbook (Josh Peters). - The Single Best Investment (Lowell Miller) mhinvest.com - DaveVK 's book (I do prefer this one to "Dividends Still don't Lie"). - One of Taleb's books. "Fooled by randomness" is a good one. To understand that luck is very important also. - The Little Book of Common Sense Investing (Bogle). The sixth one would be YOUR book (waiting for it). Meanwhile, we have the 3 PDF Eric Landis made with Joni Repasch documents. >>isn't that what most 401K's invest in?<< I know about 401K because of reading in the Chit-Chat blog. It's sad to say in Spain, actually, we have nothing like that, and the communist government is taking away all saving ways to the future. >>so for young people I simply want something that will be steady, reliable and provide a respectable rate of return for giving no effort in managing the positions.<< I really like this sentence. My 5 stocks would be: - JNJ - HD - MSFT - UNH - NEE Well, that's all I think I could share. It's difficult for me writing in English in a fluent manner so I hope it's understandable.