CipherinFool
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Hi ,
I've spent the latter half of the year reading through dbphoenix's writings (available at http://finance.groups.yahoo.com/group/DbPhoenix/), pretty much at a snail's pace, and with pauses along the way to learn from other sources. I now wish to attempt applying this knowledge.
I wanted to first introduce myself, then begin posting my observations as guided by this material. I also go by this handle (CipherinFool) on the TMF (The Motley Fool) boards.
Here's a brief description on what's motivating me to do this, in case it interests you (skip to the next paragraph if not). I watched a lot of my 401k's worth dwindle between 3Q00-4Q01, ending up with about a tenth of what I started with (I stupidly left it 100% invested in one company's stock index fund). Around 2Q00, I switched jobs but left my old 401k account intact. I've now rolled that into a discount brokerage TIRA (traditional IRA) account. Meanwhile I've accumulated another 4-5 years of 401k at the new job. This 401k (with investments that are more diversified than the earlier snafu) represents most of my accumulated retirement savings. The TIRA account is mine to experiment with. My goal is to take this fixed amount of capital and grow it more aggressively than I might by using the LTBH (long-term buy and hold) strategy promoted by TMF. I also have a taxable account that I'm using for investing in TMF's micro/small-cap newsletter selections, using LTBH.
In general I'll be looking for investing in short-to-intermediate-term long positions by following the order of evaluation described in Db's "Stalking the Wild Equity" file, i.e. identifying an uptrending market, uptrending sectors/industries, and finding stocks that may break out of productive bases under these uptrending conditions. So my first "homework" will be my take on the current market conditions (which I will post shortly). Thanks in advance for any advice/feedback you can give.
Best regards,
CF
I've spent the latter half of the year reading through dbphoenix's writings (available at http://finance.groups.yahoo.com/group/DbPhoenix/), pretty much at a snail's pace, and with pauses along the way to learn from other sources. I now wish to attempt applying this knowledge.
I wanted to first introduce myself, then begin posting my observations as guided by this material. I also go by this handle (CipherinFool) on the TMF (The Motley Fool) boards.
Here's a brief description on what's motivating me to do this, in case it interests you (skip to the next paragraph if not). I watched a lot of my 401k's worth dwindle between 3Q00-4Q01, ending up with about a tenth of what I started with (I stupidly left it 100% invested in one company's stock index fund). Around 2Q00, I switched jobs but left my old 401k account intact. I've now rolled that into a discount brokerage TIRA (traditional IRA) account. Meanwhile I've accumulated another 4-5 years of 401k at the new job. This 401k (with investments that are more diversified than the earlier snafu) represents most of my accumulated retirement savings. The TIRA account is mine to experiment with. My goal is to take this fixed amount of capital and grow it more aggressively than I might by using the LTBH (long-term buy and hold) strategy promoted by TMF. I also have a taxable account that I'm using for investing in TMF's micro/small-cap newsletter selections, using LTBH.
In general I'll be looking for investing in short-to-intermediate-term long positions by following the order of evaluation described in Db's "Stalking the Wild Equity" file, i.e. identifying an uptrending market, uptrending sectors/industries, and finding stocks that may break out of productive bases under these uptrending conditions. So my first "homework" will be my take on the current market conditions (which I will post shortly). Thanks in advance for any advice/feedback you can give.
Best regards,
CF
Thanks
