Financial question...
 

Eisboch wrote:
"D.Duck" wrote in message
...
"Don White" wrote in message
...

Dec 21 2012... and not only the myans came up with that time period.
The Chinese, a Sybol? in Greece etc.
We have four years and 4 months exactly.


Look on the upside. It would also be the end of rec.boats.



The last post will be, "Ping, Harry .... tried to warn 'em. Regards,
Larry"


Eisboch



You can thank "reggie" for "ending" rec.boats

Financial question...
 

On Wed, 20 Aug 2008 22:32:21 -0400, Wayne.B
wrote:

On Wed, 20 Aug 2008 21:50:35 -0400, John H.
salmonremovebait@gmaildotcom wrote:

Well yeah, but what do you see in the economy going forward?

No one knows for sure. Long term it always recovers but the timing is
uncertain as is the sector rotation. The keys to investment success
are not really a secret:

1. Good solid companies that have been around a while and pay
dividends.

2. A widely diversified portfolio.

3. A track record of competent management and building shareholder
value.

4. Good value vs assets and future income stream.

Trying to time market tops and bottoms is a risky game. Picking good
companies at a good value is easier. I continue to like the big
integrated oils over the long term as well as some of the exploration
and drilling companies. None of them will double your money in 6
months but you really shouldn't be trying to do that.

You're giving me the standard spiel, and I'm not arguing that. The big
question is whether the next few years will show a gain in the 6% plus
range. If not, then I'm better off without the debt.

I'm not trying to 'time the market' as far as selling high and buying low.
I would be selling because I wanted to sell. As it happens, I'd be selling
when the market is low.

Thanks for the input, Wayne.

Financial question...
 

On Wed, 20 Aug 2008 23:46:12 -0400, "Eisboch" wrote:


"Wayne.B" wrote in message
.. .
On Wed, 20 Aug 2008 21:50:35 -0400, John H.
salmonremovebait@gmaildotcom wrote:

Well yeah, but what do you see in the economy going forward?

No one knows for sure. Long term it always recovers but the timing is
uncertain as is the sector rotation. The keys to investment success
are not really a secret:

1. Good solid companies that have been around a while and pay
dividends.

2. A widely diversified portfolio.

3. A track record of competent management and building shareholder
value.

4. Good value vs assets and future income stream.

Trying to time market tops and bottoms is a risky game. Picking good
companies at a good value is easier. I continue to like the big
integrated oils over the long term as well as some of the exploration
and drilling companies. None of them will double your money in 6
months but you really shouldn't be trying to do that.



We never played in the stock market at all until about 8 years ago. At that
time we decided to take a small amount of money and try our hand. Not
knowing anything about it, we bought stock in about 6 technology based
companies ... two that were highly speculative, high risk, and four that
were larger companies that although they had been around for a while, were
suffering from the telecom fiasco and the stock prices were at a low. I was
familiar with the companies and felt that the four still had promise in the
future, once they recovered.

The two high risk companies have long since gone belly up. But the other
four have recovered nicely, one in particular, and, even now in the current
slump, we have almost quadrupled our total, initial investment including the
losses associated with the two that went belly up.

Eisboch


So what are the companies which have done well? I'm assuming you continue
to hold them because you believe they'll continue to do well.

Financial question...
 

"John H." salmonremovebait@gmaildotcom wrote in message
...


So what are the companies which have done well? I'm assuming you continue
to hold them because you believe they'll continue to do well.

Our largest holdings are in Corning (GLW). We bought at a serious dip,
shortly after telecom blew up at under 3 bucks.
It recovered to the high 20's, now has pulled back a bit to the low 20's.

The others are in related technology areas. I pick and choose myself,
based on my knowledge of the technology and what I believe it has as a
future. Optical stuff, mostly.

And yes, we will hold them. I really don't fret or worry about them.

Eisboch

Financial question...
 

"Eisboch" wrote in message
...

"D.Duck" wrote in message
...

"Don White" wrote in message
...


Dec 21 2012... and not only the myans came up with that time period.
The Chinese, a Sybol? in Greece etc.
We have four years and 4 months exactly.



Look on the upside. It would also be the end of rec.boats.



The last post will be, "Ping, Harry .... tried to warn 'em. Regards,
Larry"


Eisboch

ROTFL....

Financial question...
 

On Thu, 21 Aug 2008 06:56:30 -0400, "Eisboch" wrote:


"John H." salmonremovebait@gmaildotcom wrote in message
.. .


So what are the companies which have done well? I'm assuming you continue
to hold them because you believe they'll continue to do well.

Our largest holdings are in Corning (GLW). We bought at a serious dip,
shortly after telecom blew up at under 3 bucks.
It recovered to the high 20's, now has pulled back a bit to the low 20's.

The others are in related technology areas. I pick and choose myself,
based on my knowledge of the technology and what I believe it has as a
future. Optical stuff, mostly.

And yes, we will hold them. I really don't fret or worry about them.

Eisboch


It seems that you, like most people, are hesitant about giving out the
names of companies that are doing well. I've wondered about that. If you
told folks the names, and the folks went out and bought the stock, then the
demand for the stock, and therefore the price, would go up. No? So it would
seem to be in a holder's best interests to always divulge the name of a
stock that's doing well for them.

Financial question...
 

"John H." salmonremovebait@gmaildotcom wrote in message
...
On Thu, 21 Aug 2008 06:56:30 -0400, "Eisboch" wrote:


"John H." salmonremovebait@gmaildotcom wrote in message
. ..


So what are the companies which have done well? I'm assuming you
continue
to hold them because you believe they'll continue to do well.

Our largest holdings are in Corning (GLW). We bought at a serious dip,
shortly after telecom blew up at under 3 bucks.
It recovered to the high 20's, now has pulled back a bit to the low 20's.

The others are in related technology areas. I pick and choose myself,
based on my knowledge of the technology and what I believe it has as a
future. Optical stuff, mostly.

And yes, we will hold them. I really don't fret or worry about them.

Eisboch


It seems that you, like most people, are hesitant about giving out the
names of companies that are doing well. I've wondered about that. If you
told folks the names, and the folks went out and bought the stock, then
the
demand for the stock, and therefore the price, would go up. No? So it
would
seem to be in a holder's best interests to always divulge the name of a
stock that's doing well for them.

True, but the opposite can happen as well and then you risk ****ing people
off.
I don't listen to "tips" nor do I give them. I do my own homework.

I mentioned one that we hold because I think it's a fairly safe bet, long
term.
The others are a bit more risky, but potentially have big returns.

Eisboch

Financial question...
 

On Thu, 21 Aug 2008 07:35:47 -0400, "Eisboch" wrote:


"John H." salmonremovebait@gmaildotcom wrote in message
.. .
On Thu, 21 Aug 2008 06:56:30 -0400, "Eisboch" wrote:


"John H." salmonremovebait@gmaildotcom wrote in message
...


So what are the companies which have done well? I'm assuming you
continue
to hold them because you believe they'll continue to do well.

Our largest holdings are in Corning (GLW). We bought at a serious dip,
shortly after telecom blew up at under 3 bucks.
It recovered to the high 20's, now has pulled back a bit to the low 20's.

The others are in related technology areas. I pick and choose myself,
based on my knowledge of the technology and what I believe it has as a
future. Optical stuff, mostly.

And yes, we will hold them. I really don't fret or worry about them.

Eisboch


It seems that you, like most people, are hesitant about giving out the
names of companies that are doing well. I've wondered about that. If you
told folks the names, and the folks went out and bought the stock, then
the
demand for the stock, and therefore the price, would go up. No? So it
would
seem to be in a holder's best interests to always divulge the name of a
stock that's doing well for them.

True, but the opposite can happen as well and then you risk ****ing people
off.
I don't listen to "tips" nor do I give them. I do my own homework.

I mentioned one that we hold because I think it's a fairly safe bet, long
term.
The others are a bit more risky, but potentially have big returns.

Eisboch


Ah, hadn't thought about the '****ing people off' side. I figure people
take their chances. Intel did very well by me for a long time.

Financial question...
 

On Thu, 21 Aug 2008 07:32:30 -0400, John H.
salmonremovebait@gmaildotcom wrote:

On Thu, 21 Aug 2008 06:56:30 -0400, "Eisboch" wrote:


"John H." salmonremovebait@gmaildotcom wrote in message
. ..


So what are the companies which have done well? I'm assuming you continue
to hold them because you believe they'll continue to do well.

Our largest holdings are in Corning (GLW). We bought at a serious dip,
shortly after telecom blew up at under 3 bucks.
It recovered to the high 20's, now has pulled back a bit to the low 20's.

The others are in related technology areas. I pick and choose myself,
based on my knowledge of the technology and what I believe it has as a
future. Optical stuff, mostly.

And yes, we will hold them. I really don't fret or worry about them.

It seems that you, like most people, are hesitant about giving out the
names of companies that are doing well. I've wondered about that. If you
told folks the names, and the folks went out and bought the stock, then the
demand for the stock, and therefore the price, would go up. No? So it would
seem to be in a holder's best interests to always divulge the name of a
stock that's doing well for them.

It's personal - Eisboch could give you the list and it wouldn't work
for you - different circumstances, different people.

For me, over the years, I've made a ton bying, holding and taking
profits from IBM. My strategy has been to keep my base number of
shares and buy and sell above and beyond that. I take ten percent of
any profit and reinvest it at the dips into IBM keeping that stake
seperate from the original holdings. I've never touched the original
holdings - ever. I've borrowed against them to start the process, but
once the ball got rolling, that has stayed steady state.

Now I've done that with other stocks of major industrials and
technology also with one notable exception - Yahoo. I dumped Yahoo
two days before Cuban dumped his stake and the stock started tanking.
It worked out very well.

Here is the real secret to actually making money in the stock market -
or any financial venture - you need to do your homework, you need to
purchase stocks that you have some familiarity with (look around your
house and see what you use the most, then look up the parent company
for instance), don't listen to the folks who tell you about their
latest killing in the stock market because it's probably bull****, you
need to design a strategy that works for you over the long term - what
works for Wayne, Eisboch or me may not necessarily work for you -
we're all different people. There are certain principles in common,
but overall, utilizing the stock market as a short term play is for
traders who are plugged into a whole different data set than long term
equity holders - you need to create a strategy that makes the most
sense to you and in concert with a financial advisor (not a broker - a
broker is not a financial advisor - broker's are salesmen) excute the
plan and stick to it.

Lastly, get to the library and read Jim Cramer's three most excellant
books, read them twice, then ignore the advice and do what works for
you. :)

~~ That's just a way of saying get a clue before you do anything ~~

Financial question...
 

Eisboch wrote:
"John H." salmonremovebait@gmaildotcom wrote in message
...
On Thu, 21 Aug 2008 06:56:30 -0400, "Eisboch" wrote:

"John H." salmonremovebait@gmaildotcom wrote in message
...

So what are the companies which have done well? I'm assuming you
continue
to hold them because you believe they'll continue to do well.
Our largest holdings are in Corning (GLW). We bought at a serious dip,
shortly after telecom blew up at under 3 bucks.
It recovered to the high 20's, now has pulled back a bit to the low 20's.

The others are in related technology areas. I pick and choose myself,
based on my knowledge of the technology and what I believe it has as a
future. Optical stuff, mostly.

And yes, we will hold them. I really don't fret or worry about them.

Eisboch

It seems that you, like most people, are hesitant about giving out the
names of companies that are doing well. I've wondered about that. If you
told folks the names, and the folks went out and bought the stock, then
the
demand for the stock, and therefore the price, would go up. No? So it
would
seem to be in a holder's best interests to always divulge the name of a
stock that's doing well for them.

True, but the opposite can happen as well and then you risk ****ing people
off.
I don't listen to "tips" nor do I give them. I do my own homework.

I mentioned one that we hold because I think it's a fairly safe bet, long
term.
The others are a bit more risky, but potentially have big returns.

Eisboch




I cannot believe the naiveté of the questions you're being asked, and
what they say about the "asker." If you don't want to spend the time it
takes to learn about various stocks and you still want to invest in the
market, then you ought to be studying up on funds, not begging tips on
individual stocks from investors whose portfolios and objectives are
entirely different than yours.

There are thousands of legitimate texts and primers on how to invest in
stocks safely, and I don't know if they still have them, but when I
first started messing a bit with the market, I joined an investment club
in Detroit and learned some of the ropes.

Apparently Herring wants instant gratification, and even that isn't fast
enough for him.