Stock Market People....A Question

[SentToStud]

Originally Posted by ELA

On another note, the only way you can be a successful investor is to be a long term investor. Unless you are trading options, commodities, a day trader, then be a long term "partner" or investor in the fund or the company. First, find an excellent one. Not a good one, but a great one. Warren Buffett once said that he wouldn't care if the stock market closed for 20 years. Read some of his stuff. Market timing doesn't work. Buy low and sell high doesn't work. Jumping on the hottest stock or asset class doesn't work. Anyway, this is a discussion for another thread, LOL.

Call the fund company. See what they say. It's going to be rhetoric and nonsense but that's the retail investment game, LOL.

Eric

Are you saying it's never a good idea to buy a stock for trade purposes as opposed to strictly buy/hold? If you are, I disagree.

Are you also saying the correct way to take a sngle stock position is just to purchase the entire position all at once? If I'm looking to get a position of, say, $10,000 in a stock, I will NEVER buy the entire position at once. To me that's like saying this stock will never go below my purchase price again, ever. Things just don't work that way.

Anyway, just another man's thoughts. Couldn't agree more on the W. Buffet comments.

[GenuineRisk]

Originally Posted by SentToStud

Are you saying it's never a good idea to buy a stock for trade purposes as opposed to strictly buy/hold? If you are, I disagree.

Are you also saying the correct way to take a sngle stock position is just to purchase the entire position all at once? If I'm looking to get a position of, say, $10,000 in a stock, I will NEVER buy the entire position at once. To me that's like saying this stock will never go below my purchase price again, ever. Things just don't work that way.

Anyway, just another man's thoughts. Couldn't agree more on the W. Buffet comments.

STS, I think his post says, "UNLESS you are trading options, commodities, a day trader then be a long-term investor." He's in a value fund, which likely is not intended to be a short-term prospect. ELA didn't say anything about trading being a bad idea; just that most people who are investing (not trading) should plan to be in for the long haul.

I myself am a big fan of dollar-cost averaging for the small-time investor, like myself.