Mojo,
You state, "you will lose every time all day long...you jump on and take the ride and get off when it's gets to your "stop"... "
Man, you make it sound so easy. If it were THAT easy, we would all be millionaires.
You quote, "It's almost always a bad idea to compare a penniless company with no sales (kblb) to an enormous, profitable conglomerate (coke)....they are worlds apart...best to stay on earth..."
The risk is much much higher in KBLB than KO, but if you have faith in KBLB as I do, then you require the same thing to be successful here as with KO, PATIENCE. Again, both cases depend on the actual performance of the company. Should the outlook change for either company, it is time to sell. This is why one must monitor investments consistently.
Quote: "So now we get to your coke investment...you were holding coke for years while it went nowhere." I NEVER SAID THAT. What I said was that I held it through two splits (250 shares to 1,000 shares).
I did not mention in that post that I did sell the stock, since its growth aspects at that time seemed tepid at best. Therefore, I did NOT hold KO for the eight years it did nothing. THIS IS WHY YOU HAVE TO CONTINUOUSLY MONITOR INVESTMENTS.
I bought other stocks when I sold KO. Therefore, there is NO SAD STORY HERE, only in your mind. I was deeply invested in the dot com era myself also.
Quote: "Buy and hold for years thru thick and thin is the way grandpa invested...those days are gone...7 years to double your investment?...I gotta tell you...that don't sound like much to me...but to each his own.."
Again, you make investing sound so easy. Perhaps you should write an investment book. I am a retired teacher, and I always showed my students how to have money by the time they retire.
I would tell them to invest in the Vanguard Wellington Fund (a balanced fund, half stocks and half bonds) and have them systematically take out money every month. The fund pays around 3% reinvested every three months.
If a person in his/her 20's puts $150.00 or more each month into this fund for 30 years, he/she will have a boatload of money (unless you have no faith in America - I do). Therefore, the idea of investing long term is still alive and well.
What do you think people do with their 401k's and 403b's? Monthly, they invest money into stocks or mutual funds. Over their lifetime, the money grows. Of course the last ten years have been hell for all investors, but that too shall pass. Therefore, this idea that long term investing is dead EXISTS ONLY IN YOUR MIND.
See, few people have the time and all the experience you do to jump in and out of investments. Most people work!
You say, "But to equate that with buy and holding a pink sheet, money losing, one man band of a company that has not been able to sell a product that they have had for 2 years....well like I said in the beginning, it just don't compute..."
You continue to belittle KBLB and Kim Thompson, but yet you are still here?
AGAIN, I ASK YOU TO ANSWER MY QUESTION WHICH I HAVE BEEN ASKING YOU FOR MONTHS NOW, why are you here? Why do you care about making so many negative comments about a company which you belittle and HAVE NO FAITH IN?
