Ecuriel follow up.... (1 Viewer)

[ecuriel]

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I missed the point I'm just making a few casual observations on the stock market.....and suddenly we are having a discussion about Warren Buffet? How exactly did that happen?

I would be more interested in your accomplishments in the market since you are engaging me in this conversation.

Your assumption that I trade to pay my bills is also incorrect. I do so to build wealth for my family, and they are all quite pleased.

MY point about Warren is that he built a business that generates equity value. When you trade stocks you are only as good as your last trade. In terms of my accomplishments, all I'll say is that I retired 10 years ago and get to enjoy, my Faith, Family, Friends, Freedom and have Fun.

P.S. I was in the money management business for 25 years after graduating from college.

 

[Njja]

MY point about Warren is that he built a business that generates equity value. When you trade stocks you are only as good as your last trade. In terms of my accomplishments, all I'll say is that I retired 10 years ago and get to enjoy, my Faith, Family, Friends, Freedom and have Fun.

P.S. I was in the money management business for 25 years after graduating from college.

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We were having a quiet discussion about the stock market, something the average man might consider to build a little future wealth. If you inject Warren or Carl Icahn or any of the "big players" how does that relate to the average trader?

I have been approached numerious times by brokers and individuals offering to assist me with my investments. I always ask them if they are millionares which usually ends the conversation.

You do not have to be Warren to have reached a level of success in the market.

If you have managed other peoples money, good for you. I manage my own.

I'm glad you are retired and enjoying yourself, I am doing the same.

 

[ecuriel]

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We were having a quiet discussion about the stock market, something the average man might consider to build a little future wealth. If you inject Warren or Carl Icahn or any of the "big players" how does that relate to the average trader?

I have been approached numerious times by brokers and individuals offering to assist me with my investments. I always ask them if they are millionares which usually ends the conversation.

You do not have to be Warren to have reached a level of success in the market.

If you have managed other peoples money, good for you. I manage my own.

I'm glad you are retired and enjoying yourself, I am doing the same.

I will have to say that you in the very small minoririty that can consistantly win at the market. Many people can learn alot reading about Warren's strategies. When many people were gung ho about tech stocks they mocked him pretty good. Unfortunately, I have too many stories of people trading the market and getting hurt. My only intent in the post was to provide a little insight from someone who has gone through many market cycles. I believe that imparting ones flame to another does not take away from your own.

 

[Njja]

I will have to say that you in the very small minoririty that can consistantly win at the market. Many people can learn alot reading about Warren's strategies. When many people were gung ho about tech stocks they mocked him pretty good. Unfortunately, I have too many stories of people trading the market and getting hurt. My only intent in the post was to provide a little insight from someone who has gone through many market cycles. I believe that imparting ones flame to another does not take away from your own.

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That is fair, but often when having a quiet discussion about the market someone is quick to toss out individuals who have done things the average investor cannot comprehend.

The market can be difficult enought with the actions of the mutual funds and people like Warren hidden from the average investor. The leaked stories and barage of information designed to steer the small investor in the wrong direction all add to the difficulity.

The correct approach (in my opinion) is to invest in a company you know, either you shop there, or work there, or have some experience with them. Do some research, read their market stratagy and work on building 100 shares.
Do it again, and again until you have built a nice portfolio.

A solid foundation and time will reward you.

Companies like Coca Cola, Pepsi, Home Depot, Merk, and my personal favorite Anheuser Busch which I held for years until we were bought out by InBev.....and what a ride that was!

The average investor is more interested in putting together 7 figures for his retirement.....then all the Lear jets warren has at his disposal. And I know he brags about flying coach........

Why don't I like him.....because he turned his back on his children telling them he would only leave them a modest amount of money.

His ex-wife said don't worry about my children they will be taken care of. Good Mom.

Show me a man that takes care of his family, and I will be impressed.

 

[Ragnar]

If i was living in the USA i would not invest in BRK/A or the class B shares for that matter.
Its ok for Buffet to pay himself $100,000 per year but his investors get Get nothing ..unless they start selling of stock but then they are up for Capital Gains Tax.
Its better to build a golden stream of Dividends...now thats real wealth.

 

[ecuriel]

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That is fair, but often when having a quiet discussion about the market someone is quick to toss out individuals who have done things the average investor cannot comprehend.

The market can be difficult enought with the actions of the mutual funds and people like Warren hidden from the average investor. The leaked stories and barage of information designed to steer the small investor in the wrong direction all add to the difficulity.

The correct approach (in my opinion) is to invest in a company you know, either you shop there, or work there, or have some experience with them. Do some research, read their market stratagy and work on building 100 shares.
Do it again, and again until you have built a nice portfolio.

A solid foundation and time will reward you.

Companies like Coca Cola, Pepsi, Home Depot, Merk, and my personal favorite Anheuser Busch which I held for years until we were bought out by InBev.....and what a ride that was!

The average investor is more interested in putting together 7 figures for his retirement.....then all the Lear jets warren has at his disposal. And I know he brags about flying coach........

Why don't I like him.....because he turned his back on his children telling them he would only leave them a modest amount of money.

His ex-wife said don't worry about my children they will be taken care of. Good Mom.

Show me a man that takes care of his family, and I will be impressed.

I've read his latest book, "The Snowball" and I believe he has made amends with his family. They seem to doing nicely. I don't believe he ever flys coach, there is quote in the book that states, "It's amazing how we fly here to New York in private planes to here advice from people who take the subway to work". I think that's funny. In terms of your investment strategy, I believe its very sound. The only thing I would add is to track management trading activity and how the debt structure relates to equity. Being a bond guy, I like being in a higher capital structure.

 

[Njja]

I've read his latest book, "The Snowball" and I believe he has made amends with his family. They seem to doing nicely. I don't believe he ever flys coach, there is quote in the book that states, "It's amazing how we fly here to New York in private planes to here advice from people who take the subway to work". I think that's funny. In terms of your investment strategy, I believe its very sound. The only thing I would add is to track management trading activity and how the debt structure relates to equity. Being a bond guy, I like being in a higher capital structure.

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Excellent points, I always watch debt.

It certainly keeps you on your toes.

 

[MarkeytMaker]

You can make more money in the market then you ever will working for someone else.

It does however require capital.

Amazing to me is the amount of money that could have been saved had people taken minimal steps in taking full control of their "own" money and learning some simple basic steps. I mean when things started turning sour...as it was obvious as black & white...they could have for example taken a simple cash position...or bought the DOG and watch their accounts increase in a percentage equal to the percentage of the average loss of others. I have learned it is possible to make money if the market trades up/down or sideways...and I have fun doing it! Did I mention it's my wifes account? That's her in the picture used for my avatar...LOL!

 

[ecuriel]

Amazing to me is the amount of money that could have been saved had people taken minimal steps in taking full control of their "own" money and learning some simple basic steps. I mean when things started turning sour...as it was obvious as black & white...they could have for example taken a simple cash position...or bought the DOG and watch their accounts increase in a percentage equal to the percentage of the average loss of others. I have learned it is possible to make money if the market trades up/down or sideways...and I have fun doing it! Did I mention it's my wifes account? That's her in the picture used for my avatar...LOL!

Would of, should of, could of. The bottom line is the ability to pull the trigger is what separates the men from the boys. My high school use to say "If winning was easy, everyone would do it." The market eats up "smart guys" everyday, whenever you think you have it figured out watch out. We are in unchartered territory right now. Old rules don't apply, I still receive reports from some of the best money managers in the world and they are terrified. With mounting debts and a commerial real estate debt ready to explode, be sure you have liquidity because things could ugly fast.

 

[MarkeytMaker]

Would of, should of, could of. The bottom line is the ability to pull the trigger is what separates the men from the boys. My high school use to say "If winning was easy, everyone would do it." The market eats up "smart guys" everyday, whenever you think you have it figured out watch out. We are in unchartered territory right now. Old rules don't apply, I still receive reports from some of the best money managers in the world and they are terrified. With mounting debts and a commerial real estate debt ready to explode, be sure you have liquidity because things could ugly fast.

With the golden rule of never exceeding 10% at any given time and selling half when she doubles...it's been good...if the market goes down overall it will be just another avenue to make money...ugly can be good too!

 

[Njja]

Amazing to me is the amount of money that could have been saved had people taken minimal steps in taking full control of their "own" money and learning some simple basic steps. I mean when things started turning sour...as it was obvious as black & white...they could have for example taken a simple cash position...or bought the DOG and watch their accounts increase in a percentage equal to the percentage of the average loss of others. I have learned it is possible to make money if the market trades up/down or sideways...and I have fun doing it! Did I mention it's my wifes account? That's her in the picture used for my avatar...LOL!

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I agree, an experenced trader can make money in an up or down market. I do not sell short (using other peoples stock) but I often adjust my own positions when I feel the time is correct.

I believe many people investing in mutual funds or with money managers were hurt because they had little personal knowledge of what they were doing. I have friends that were advised to hold their positions and wait for the recovery.......they watched their investments deteriorate and either sold at a terrific loss or held thru the modest recovery.

Now I am not faulting their advisors, I'm sure they did their best it was a very difficult situation. However if you earn the money to begin with, what makes people believe they are not smart enough to figure out what to do with it?

I realize its not easy, I am very concerned with the current market situation.

 

[Njja]

Would of, should of, could of. The bottom line is the ability to pull the trigger is what separates the men from the boys. My high school use to say "If winning was easy, everyone would do it." The market eats up "smart guys" everyday, whenever you think you have it figured out watch out. We are in unchartered territory right now. Old rules don't apply, I still receive reports from some of the best money managers in the world and they are terrified. With mounting debts and a commerial real estate debt ready to explode, be sure you have liquidity because things could ugly fast.

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Isn't that the truth! The current level of national debt, pending legislation in congress all these things are going to require funding which means taxes!

We are enjoying a market recovery which in my opinion is the only thing currently shoring up our economy. I do not believe it has been funded by the smaller investors, who are still reeling from 2009. The banks, insurance companies, pension funds & mutual funds have made billions in the current market and helped it recover, but it is still in a precarious position.

The market runs on investments, so it needs the people to invest, they are starting to return, but we certainly do not need another serious correction or we may lose an entire generation of investors.