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Author: CottonFields3 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72  
Subject: Greetings! Date: 1/25/2013 7:30 PM
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Hi Joe and Everyone,

Tony posted comments and a link on a SN site and that's what got me here. Didn't know it existed, still don't know exactly what it is, but seems it's one of a number of specific-Advisor picks-portfolio - and this one is Joe's!

My investment education started w/SN. I've invested nominally for years, but SN is the first time I've really started to pay attention to investing [meaning, started to try and learn]. Meaning, I know nothing!

I've been a member of a stock investment club [NAIC] for many years, theirs a conservative approach, it's given me good fundamental knowledge. As an aside, I've been trying to get them to buy Apple [for years!], but no-go. And of late, been pointing out some possible red flags about MSFT...I can just tell you that if it were in my portfolio, I think I would have sold before the 11th [12th?] year of nothing but the dividend. [But they don't listen to me....]

My Dad was a good investor. Working for BofA, he counseled many people on how to invest their muchas dollars. [My "What was Your Dumbest Investment?" story is about me taking his advice.] He did pretty well for himself and when he died and my Mom took over their investments, she did even better. There are many around here who have a lot of money to invest. I do not fall into that category. But I have more than I ever would have, had I not inherited from my parents. More importantly, what I do have now is all I am going to have. There's nothing else in the pipeline.

So - I'm counting on what I do with SN to enrich me - financially!
Notice I say, "...what I do with SN...". Probably the first thing I learned was to take it slow, rather than jump all-in, all at once. I didn't learn that quite soon enuf [Better late than never!] before buying full positions in too many SN picks as they came along.

I'm retired and love it. I work all the time on my house renovation projects, a passion that paid work always got in the way of. I have very little income, live frugally, don't need much of anything I don't already have..............................oh wait! - Except I want to live in the country, which means find the ground first, if no house - build one - and make that dream happen.

Okay, this is getting ridiculous. I'm trying to be Foolish and get as much help as I can. Isn't it the golden rule of investing that one should never invest money they can't afford to lose? Well, I'm heavily invested, feel it's money I can't afford to lose, but feel moreso, that if I pay close enuf attention I won't lose. (foolish????)

What I actually wanted to post specific about, is my starting a position in AMZN. I can no longer deny their "position" in their industry. It seems an expensive valuation currently, and some talk about the good possibility of a correction bringing w/it a better time to buy. One poster repeated a $240 price target as a good entry.

Thanks for listening - Apologize for being long-worded.
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