Forum Archive Index - December 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi John,

>
>Snoopy, thanks for your comments, you may well be correct with your
>analysis, but having traded for several years i do have some strict
>selling rules which although does mean quitting some stocks that
>have  gone onto increase. but holding on has cost me plenty in the
>past. 
>
>

It is important to have the discipline to stick to your own 
strategy, whatever that may be!

>
>
>with todays lower brokerage costs i feel its perhaps not such
> a big issue, 
>
>


Fair point.  I prefer to support my full service broker even though I 
pay a bit more.  I trade so infrequently in the overall scheme of 
things 'paying a bit more' is not all that significant in my 
overall costs.


>
>
>i can also sleep better knowing i'm cashed up. 
> 
>



But *I* sleep better if I'm invested.   

It makes me nervous, having researched a share I want to buy, to know 
that all of those good company people are working hard doing what 
they do best, while I am still unconnected to them.  I worry that the 
company workers will make some breakthrough overnight which announced 
to the sharemarket will see me miss out through not being invested!  

What calms me is having hundreds of 'my' people working productively 
for me within the company I own shares in.  I get nervous if I have 
too much money sitting doing nothing in the bank.

But I fully understand, John, that if you see your shares as simply a 
series of points on a price chart, then you wouldn't feel the same 
way as I do.

SNOOPY



---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
on Pegasus Mail version 2.55
----------------------------------
"Dogs have big tongues, so you can bet they don't 
bite them by accident"

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/