Tuesday, September 19, 2017 11:04:39 AM
To have $100K turn to $33K at PPS .06? must have an avg of .18 if paid $100K now is $33K. Last possible .18 was quick rise Dec '16 not ever yet back since. Could not have averaged down any time at all. And YES! If every buy goes lower? Are NOT taking advantage of a good position in a sure thing to a better position buying AFTER it falls. Never lose till you sell This is correct approach and always works so far.
Besides Washington Post ?
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by 8thaero » Tue Sep 19, 2017 12:44 am
Westin Dulles Intl over weekend had USA Today, WS Journal and WA Post for quests. I always took a WSJ and she a USA Today. Sun was just the Post and what liberal content! Except a scathing review of Hil's #! seller no folks will read just keep out on coffee table to seem current. This Mon a Ltr to Ed a Mass. CFA
answered Sep 11 article 'What's your tolerance of risk?' Gist is most should focus on long term returns by accepting short and mid with occasional gut-wrenching unavoidable drops. Sound familiar? You MUST have a STRONG rational for long term portfolio value to accept MARKET DROPS. Answer is DON'T SELL! A stiff upper lip is the most important attribute of successful long term investors!
I could have written it myself!
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