Hi,
You wrote:Therefore, as Bernie very rightly pointed out, unless you can get some other return (dividends) on those shares, there is no point in buying them.
I take exception to the last part of that sentence. I did not say that there was no point in buying shares that did not pay dividends.
There's a guy named Warren who owns lots of shares. I would even go out on a limb and say that if you took all the shares owned by all of the people who read this thread they wouldn't amount to a fly's tinkle on his shares. I know that he doesn't worry about his shares going up or down based upon what he has written and been quoted as saying. There are times I am sure when some of his stocks are quiescent. when a farmer buys farmland he know that there is a season when his land will produce crops and a season when it must rest. Mr. Lichello in his book made many references to planting seeds and waiting to reap a harvest.
Warren has said that he would advise someone to INVEST in stocks and go to a desert island somewhere with no phones, nespapers or other forms of communication. Come back in 10 years and see how you've done. The key word is INVEST!
That is buying stocks and giving them time to grow, not buying them just to sell them as soon as you can. It is true that AIM recommends selling some of your shares as a technique of harvesting but not all of them. The core grows, it is not sitting there doing nothing.
It has been said here that AIM's FLAW is that Portfolio Control only increases in size it never decreases. That FLAW as it is called, is growth. It has always amazed me that this is not realized. Most here would be better off in Las Vegas, the odds are better. Betting colors, high/low, or odd/even at Roulette, the odds are 19 to 18 against you. Listening to the posts here,there are not too many who feel that they have that good a chance in Wall Street.
If you are going to quote people please do it accurately.
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