To: Marc Trombella who wrote (17669 ) 3/13/1998 11:01:00 AM From: Big Bucks Respond to of 70976
Hi Marc, I initially wasn't going to respond to your post, but my addiction to SI took over, and I couldn't resist. Re:BB, you always seem to play the "what if" game quite often. Which is fine, everybody has there own investing style. IMO, an astute investor should understand issues that can impact the performance of the companies/stocks that he/she invests in. Whether these are short term or long term issues determines the year to year gains or losses that affect the value/net worth of his portfolio. I am not satisfied with mediocre portfolio performance, that would be akin to randomly throwing darts and relying the results to determine portfolio positions, better to just invest in a fund and let them manage my investments and accept whatever gains/losses occur. That is not for me. Yes, one could let his investments just sit and appreciate over the years but that is boring and requires no "skill" or particular "ownership" of managing an investment portfolio, and is like a bottle in the ocean tide, it goes travels with the whim of the currents and the ultimate destination is unknown. I want to actively participate and control my investments, and the best way to accomplish this, IMO, is by careful planning, strategizing and understanding the dynamics and events that have potential impact on my investments short and long term. I will not always be right in my assessment, who is, but I will be actively and continually involved with my investing success and trying to maximize the year to year value of my investments. Isn't that why we invest in the first place, to maximize our net worth and to insure that at some point we are financially secure? Just my opinion, I've got a "MONKEY ON MY BACK". BB