WEB:The Oracle of Omaha- Warren Buffett
- MichaelC_AU
- MichaelC_AU
- Hugs
- Thruhiker
- MichaelC_AU
- MichaelC_AU
- MichaelC_AU
- JenL_3
- Hugs
- MichaelC_AU
This archived discussion is "read only".
For the corresponding "live" discussions, post in the active topic forum here.
« Previous 1 2 3 4 5 6 7 8 9 10 Next »
» MichaelC_AU - Re: Speak for ys
I love AOL! I nostalgilicly remember the times before the internet.I hope AOL gives Microsoft a run for its money. MY POINT IS THAT IT IS FAR FROM A SURE THING! I hope you are close to Brinker's 4% of net assets rule in AOL and at most 20% in the stock. Good luck!
If this cable scare materializes I might get in, if I have any money available for it.(I do have my wedding in 2 weeks) It would have to go down a bunch and I would only put in 4%.
-- posted by MichaelC_AU
» MichaelC_AU - Investing Art
Thruhiker,Is that like the art my Dad mastered when he would pick winning greyhounds, off of the nightly T.V. recap?!? He would hit serveral quinellas a night in practice and call it skill. All this skill in picking dogs from a brief roll call!
That to me is what is going on with AOL and fans and there is nothing wrong with it!
You at least are into some fundamental indicators, where as the majority are just LEMMINGS!
-- posted by MichaelC_AU
» Hugs - Lemmings.
Wondering where exactly it is the line is drawn between a lemming and someone who, after they have acknowledged their own shortcomings in an area of financial expertise and have decided to more prudently and oft times wisely follow the advice of an more "expert" financial advisor?I suspect that any attempt to draw that line is going to be a highly subjective issue. Especially in the arena of investing in internet equities. Wouldn't touch it with a ten foot stick, personally.
Hu
-- posted by Hugs
» MichaelC_AU - Lemmings
Literally of course, a lemming is a rodent like creature that walk about in masses. Following the leader, haplessly and often we are told, right into the sea, to the helpless creatures death.To me being a lemming refers to doing the same thing that everyone else is which includes the current internet phenomena's momentum runs.
Examples of me as a lemming, I bought Intel in 1996, because, although I had followed it for 3 years in college, I was buying it because of its past success, and while I was not doing it to be like everyone else, I was buying the stock when everyone else was.
Often Warren Buffett would make a decision to buy a stock when no one else was interested. Often Peter Lynch would specifically look for companies with boring names, avoiding high techs, then analyze their financials.
This is often refereed to as Contrairian.
Let me say this Value stocks have lagged lately in this market, because there are fewer steals out there. That is why my main vehicle is VTSMX. But when I do dabble into individual stocks, I limit it to 5% on future purchases, and look for value. Never mind the huge accumulation of my former bank, employer's stock, that will be diversified in time. The sucess of which I dissmiss as good luck.
-- posted by MichaelC_AU
» MichaelC_AU - lemming
To further answer you question,yes, I think that a person that follows his broker's advice and buys a stock can be a lemming. But not necessarly because he followed the brokers advice, but because the broker themselves could be the lemmings, thus making you a lemming for following them.This is fun!
I don't think you should follow a brokers advice!
Like Brinker, the Motley Fool, and Peter Lynch all profess, YOU can decide better, and THEY don't want YOU to KNOW that!
Just stay in a money market until you feel ready and dollar cost average into an index fund when you feel comfortable and understand what you are doing.
Just read first start at www.vanguard.com or www.bobbrinker.com
Browse through One Up on Wall Street, Lynch's first book(even though index mutual funds are the way to go, especially at first) and The Millionaire Next Door(a book to motivate you to pay yourself 15%).
and read about loads, expense ratios commissions, don't pay a load or much of an expense ratio, especially for that first money market fund. The above is not to say that you, don't know all of this Hugs! I just thought it fit in with the topic of brokers.
-- posted by MichaelC_AU
» JenL_3 - Michael....
....I also would like to say...Congratulations!
Have a good time in...
<img src="http://www.cancun.com/images/chaanka1.gif">
.....Jen
-- posted by JenL_3
» MichaelC_AU - Good one Hugs!
It would be hard to avoid what the lemmings are doing in an index fund, but the lemmings themselves for the most part are not the indexers.Indexing is different. It is playing the percentages that say the stock index is guaranteed to average 10% over 20 year and greater periods. That is pretty darn good for doing no stock analysis.
Indexing is conceding I am no Warren Buffet, Peter Lynch, or any of the 1% of money managers that can beat the market. Indexing is saying I cannot pick the 10% of mutual funds that will out perform the market this year or the 1% of mutual funds that will average better than the market. 10% a year is excellent.
If everyone would just index 10% of their income there would be no need for welfare!
Indexing is pretty smart unless you are a fundamental analyst and do what the ones I have mentioned do sucessfully.
I perfer to use the index for the primary investment and dabble small time as do a lot of us here.
-- posted by MichaelC_AU
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Next »
Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion.