To: Jenne who wrote (8865 ) 5/27/1999 8:07:00 AM From: Dave Dickerson Read Replies (2) | Respond to of 19700
Jenne- things I do to get used to the ride. 1.Say to myself, it was up 906% in 1998 and +286% ytd (at $201.25 yesterday) 2.it's beta is 2.8,namely it moves 2.8 times more up or down than the average stock,so might as well get used to it. 3. look at fundamentals of the stock,to pass the time away,so as not to worry about down market days. I make it a habit to study in detail the more than 48 companies that CMGI has some % of interest in. I collect news on these companies. My stack of info. is over 12 inces tall. 4. I goto 3-4 talk strings and gather well thought out detailed analyses covering CMGI, so that I can put the news in perspective. 5. when the market has 4 down days in a row, like recently,I focus not on paper money lost, but on the fact that my holdings in CMGI have more than doubled since 1/8/99 (even at $201) and that tomorrow I will have twice as many shares. 6. I don't try the difficult task,to time the market, but rather after much study,put a large chunk of change on certain sectors(currently CMGI and TLAB and misc stocks) of the market,and then sit back and view things and returns from a longer viewpoint,namely 2-5 years.With a little rebound, by the end of the year, I will have reached my retirement goal of one million,from a start of only $100,000 about 5 years ago. &. I remind myself that 80% of investors, do not do their homework, and are thus subject to the big pushes for said stock investors, namely fear and greed. Even, Warren Buffett,does his homework well, and doesn't even have a stock ticker in his office in Omaha. I trust that yours was an honest question,and these are my honest answers. Good Hunting DAVE DICKERSON