Ya - I figured you'd be down today after seeing CHNW's performance. I had a good day yesterday, but took a hit today...oh well. I think the thing we have to ask ourselves is to what extent - 20%, 30%, 50%, of our capital we park in companies that we believe in for the long-haul. I'm finding I have too much of my assets tied down with CIVX, CHNW, and PDGT, which I got into thinking they were going to run - some did and now have stalled, and some didn't, and now it's taking longer than I thought. I need cash reserves to use to play on other stocks while I'm waiting for runs. I guess it's trading discipline and a clear set of guidelines that I stay consistent with - when I don't do that I get in to trouble. I vow not to get married to any companies and now I holed up in several. oh well - live and learn.
I've got a few friends around here - 5 people or so, who want to create a stock club - meaning I meet with them once a week or month to tell them how we're doing, they all put money in, and I invest it for them taking a percentage of the earnings for my time - I'm going to research it, and they are all friends of mine, but what % should I charge? It's dangerous business doing this with friends, though all have come to the conscensus that they are pretending like they never had the money and so if we loose it all - nobody cares. I'm thinking I shouldn't charge anything if I'm loosing money, because then it would be really difficult for me relating to them.
I know it's dangerous business, but if you knew how these people are - they're amazing and they mainly want to do as an experiment as to what a homegroup really should be like. Get together, share our thoughts on stocks, talk, eat, get an update and leave - hopefully making some money, but also a platform to just be real and walk in community outside the 4 walls of a church...anyway - IF YOU WERE GOING TO DO SOMETHING LIKE THIS - how much would you charge?
Remember the Widows and Orphans.
AI
