Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next
Author: jammerh Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6729  
Subject: Re: I need some advice Date: 12/17/2001 1:51 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Mcguerty, I came accross your posted msg in digging for posts on SkyWest
Airlines. I'd like to suggest you pick an area in which your interests
lie. For example if you like aerospace and enjoy reading about and researching recent developments in this field, make it a specialty of
your investment portfolio.

Don't invest in technology, for example, just because you think its a
hot sector, but if you have a special interest in it, or work in the
field, you may have some special incite that will give you an edge.

Invest in stocks for the best returns unless you have a very low tolerance to risk. Have patience and you will make money. Wait for
a good deal. As Warren Buffett likes to say,

"From time to time things will be served up to you on a platter."

Wait for such opportunities. Tenacity will pay off. Or you could start
to dollar-cost-average into a position by investing a set amount each
month. This has the advantage of building up a position without having
to take too much risk at once. If you put more than $10,000 on the line
you have to have a strong stomach and the courage of your convictions
to watch it fall 10% or more lower than where you bought it, but this
will often happen after a purchase. None of us are prescient, and we
can't kick ourselves for not knowing what will happen in the short-term.

You may want to check publications like S&P's Outlook, or Valuline.
They're usually available at local public libraries, or at a college
or at the nearest college, or university library. Sometimes you have to
ask for these at the reference desk.

I like companies like Bombardier, a Canadian aerospace company,
General Dynamics (GD), and Embraer, a Brazilian aerospace company,
and some of the big pharmaceutical concerns like Johnson and Johnson,
so you can see where my interests lie. I've been an investor for
25 years and have done quite well with a Buy and Hold approach.

It takes a lot of courage though to hang on to your convictions when
everyone else is panicing and selling out.

Here are a few of my favourite investing (hero) books:

Warren Buffett, actually anything on Mr Buffett's investing strategy
espescially his annual Berkshire Hathaway reports available online.

Peter Lynch---One Up On Wall Street, Beating The Street etc...

Philip Fisher---Common Stocks, Uncommon Value

I'm sure some other investors will have more advice. Keep reading Motley Fool Articles and Discussion Boards.

Jammerh
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Nu Skin Showing its Age?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement