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|Subject: Re: On second thought, 2828 - Small Cap Issue||Date: 1/28/2013 4:19 PM|
|Author: MetalDecathlete||Number: 668771 of 762322|
I'm a fan of index funds as I don't want to spend time analyzing individual stocks when I could using the time to more enjoyable pursuits. If you want to dabble in individual stocks why don't you set aside a small amount of your investments (your mad money) and pick some individual stocks. If you lose out on these picks you still have the bulk of your investments.
In 2007, we hired a database administrator from Hong Kong. He and I hit it off quickly and became friends. He had an interest in personal finances and stock investing so we spent about 15 minutes every work day going over stock strategies we were working on.
At that time, my focus was targeting energy and commodity stocks. I usually had 5-7 stocks invested at any one time. He preferred putting all his money in only 1 stock at a time. I told him he was crazy.
His 1st stock was in American Airlines. He had some initial success with it and then sold as it started going down. He broke close to even. Fortunately for him, he sold way before they declared bankruptcy.
Then he set his sites on SIRI early in 2009 and bought it in the .40 range. All in. He has since moved to Taiwon and does part time consulting for us so we still converse. SIRI is now over $3 per share and he is still 'all in' and hoping for $4 per share (which many analysts predict) when he will sell and retire after this 10 bagger.
He jokingly rubs it in on occasion. He is 10 years younger than me.
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