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Author: SteveNieters Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 475  
Subject: Re: KLAC? Downturn? Date: 4/6/2001 11:14 AM
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brimstonehd (Lee):

I don't own any KLAC yet. I'm still working on the first principle of investing... getting out of debt and getting my personal fianances in order. I figured, since I don't have any money but I do have time, that I would learn how to invest ahead of time...

Smart. Read, Read, Read--there are some great books out there. (Including anything authored by Peter Lynch, some of the Buffet biographies/analyses, The fool books aren't bad, Graham's intelligent investor, even something like Jane Bryant Quinn for overall financial planning.)

Start putting together a "practice portfolio" as well. Select stocks as if you were actually putting money in (maybe "investing" amounts akin to what you think you'll be putting in once the debt is erased), and track them over a period of time. Try to be realistic about when you'd buy and sell (hard to do, I know!), and follow your results.

(Most folks would recommend against something as volatile as KLAC for an initial investment--but if bought with eyes open and mind well-informed, . . . .)

Good luck--it sounds like you are starting off on the right foot.

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