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Author: ethan2007 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 50  
Subject: Re: Browne Makes the Case for Value Investing Date: 7/30/2007 9:58 PM
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Kahuna,

I too like value investing yet don't do much of it. I've been reading many of you're post and must say I like your style. I've even been to your social club board.

Want your opinion on my situation.

I have some IRAs (one Roth and one regular.) I plan on converting the old IRA to a ROTH as I understand the laws will be changing soon and allow me to do so.

I just started these as I feel like I have enough in the 401K to start funding IRAs.

ROTH amount: 4K
Sitting in QQQQ
Reg IRA: 4K
Also sitting in QQQQ and a little stock called HLEX. Love em' as they are making money hand over fist.
Individual account: 5K
Here I have GE, MSFT and QQQQ

As you can see I'm a little 'lazy' when it comes to investing, but I do tend to buy stocks based on value with the occassional buy on stocks like rule breakers (RATE). As for my 401K, I reposition percentage wise and rebalance once a year and I've averaged in the double digits over the long run. This is the approach I like as I can buy, hold and forget (Less worry) as well as force myself to buy cheap when I rebalance every year.

So, I have two questions for you.

1) If you were as lazy as me and wanted someone else to do most of the 'research' what would you do? Would you subscribe to one of the newsletters here or some where else or would you advise me to just stick with mutual funds altogether?

2) If you had 5K to invest in one stock with it in mind to fund your child's education in 20 years, what would that stock be? (I don't like 529 plans)

I hope I've given you enough detail about me to give an honest insightful opinion. (All other opinions are welcomed also)

Regards,

ethan2007
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