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Re: fung_derf post# 893

Tuesday, 11/13/2012 1:11:41 PM

Tuesday, November 13, 2012 1:11:41 PM

Post# of 1208
I've been on stock boards since Yahoo in '97 and then RB always... ALWAYS... bashing pennies and bad accounting, especially the Chinese flavor. At times I've provided information to the SEC.

I'm pretty unique in that I ONLY bash stocks!

I follow a few simple rules that have worked Buffett-like for years: Most of my stock money is in Index Funds, I own some individual blue chips for tax reasons (I can control when to take the very rare losses). Much of my money has been in bonds which have performed better than stocks since 2000. I sell stocks only for tax reasons. I live well; my broker doesn't!

Above all I'm smart and experienced enough to know that I can't beat the S&P, and that most who say they can, are liars or they simply don't know how they've done!

Can you imagine how popular I was as the tech bubble roared in '99 spouting such? I even suggested looking at U.S. EE Savings Bonds when they paid 6% (7.5% before that) in the mid-90s. I still have some from that time.

Read my old posts, you'll find utter consistency.

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