Thursday, June 08, 2017 7:32:22 PM
You bring up the issue of time. That's really important. I'd like to suggest that we all consider establishing timelines, else we will likely find belatedly that we've lost focus.
Case in point: FDMF has had several years to prove itself since I first took a position in it. I sold my position a few months later, with a loss of around $300.
My portfolios usually contain about fifteen stock picks. The first test I insist upon is a test of time wherein I drop a pick if it fails to enrich me within the first three months of ownership. It's now several years later and I've not seen opportunity for an investor to make money here. What I have seen is occasional hype which I distrust, figuring the promotor is hoping to bring the share price higher so he can liquidate profitably.
Time becomes a test within itself. Time has not supported an investment in FDMF, not that I can see. There are many worthy investments out there. This, in my opinion, is not one of them.
Moral of the story:
It's a good idea to set limits or boundaries based on time allowances when investing. Otherwise we tend to wander about aimlessly. When our vested dollars gather only dust, we fail ourselves.
I hope this helps somebody!
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