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Author: myadidas Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 27818  
Subject: Re: Still doing Research Date: 8/17/2001 7:55 PM
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I don't do research. Seems like a waste of time. It is surpising how many blue chips have fallen 25% or more in one day!!! This
was happening quite often within the past two years especially. Let me think...there was Proctor & Gamble, Hewlett Packard,
Intel and Eastman Kodak that I can remember off hand. So... it's all a gamble. The only reason I invest is so that I have a
CHANCE of retiring some day. If I don't even attempt to invest...then i have no CHANCE of retiring.


As a long-term investor, I'm not too concerned if a stock should happen to fall 25% or more in one day--as long as I did my research on the company and believe that the company is still focused on the same business model and objectives that led me to start investing in them, then I am not worried about short-term market fluctuations. In fact, since I'm a DRP investor price drops are a good time to load up on more stock of the company!

If you don't do any research at all, how do you choose which companies to invest in? How can you determine a company's business model, and then whether or not the company is following this model and the overall effect on the company's earnings?

I wouldn't be able to sleep if I had invested in a company that I didn't research first. And with my luck, if I hadn't done any research and had just started picking companies, I would have invested in a Xerox or Polaroid-type company years ago...and then be wondering today where all of my money had gone.

myadidas
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