Hartcourt Companies (fka HRCT)

[Investorman]

moody - I agree that the discipline is difficult to master. In my case the WMT I bought just sat there because there was no internet and no impulse to do much of anything with it. I didn't even really look at it for the first 7 or 8 years except to check the stock price in the paper occasionally. I didn't realize it had split and the price looked like it hadn't done much. After a while I didn't want to share part of it with the government even though it was a long term capital gain. So I still have it. I don't trade much because I have never found anyone who could time the market reliably. And, of course, it has always done well so why trade it for something that might bomb? It is overweighted in my portfolio so I keep an eye on things but to sell would mean an immediate loss of 20% (capital gains tax) so anything new I invest in would have to make up that 20% just to get me back to even. I keep hoping they will do away with capital gains tax - lol.