Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: saunafool Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19666  
Subject: Re: Poll: Big wins vs not losing Date: 2/12/2013 3:39 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Which do you do?

Both, and it has evolved substantially as my portfolio size has increased.

When I was starting investing and had only $3000 or so in my account, I was constantly swinging for the fences--and losing. I felt like I needed huge wins to make the money turn into anything. I also felt like if I lost it all, it wouldn't change my life anyway.

As time went on and I saved enough money to have multiple positions and felt like I had something to lose, my investments became much more conservative. When retirement calculators started telling me I needed 6% annual returns to meet my retirement goals, I focused much more on not losing money.

Yet, I enjoy the creative process of investing and the "story" of an evolving business landscape so I own some speculative names along with established names. I am comfortable owning both INTC and ARMH. If I reinvest the dividends from INTC and they keep slogging along for the next decade, I'm pretty sure I'll be happy. Meanwhile, ARMH might turn into a huge position, it might not. The balance between the two makes it easy for me to sleep. I don't care who wins. I'm sure INTC will still have a profitable business in a decade, and if ARMH is still around in a decade, they will likely be several times larger.

sf
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

U.S. Stable, Europe Stalling
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