Replies to post #184 on MV Oil Trust (MVO)

[johnsyn]

Amen. I certainly would never listen, let alone respond to a person who can't communicate without an attempt to belittle investors in their comments. Not worth my time to deal with such people, like you, I've gotten quite wealthy with my market methods and have no use for people who think they know better than me what to do with my money. Especially anyone involved with bonds in this day and age, LOL. MVO has at least another 10 years before the trust expires and is easily calculable on the return in that time to decide when to pull out. I take my news from news sources, not blogs and chatrooms.

[bar1080]

"I have no idea what most other people do when it comes to buying or selling stocks."

With my portfolio mostly on auto-pilot for decades, my stock market interest is about the motivations... I wonder why so many investors get things wrong. And then flip-flop and get things wrong again! Why do they trade so often? Why do they go with their gut when just about any pro will tell you that doesn't work. Figuring this out is of real importance since I'm involved with training some young investors.

I've never heard Buffett say he bought a stock on a hunch or because he felt lucky that day. Too many people, especially here, treat the market as a casino... for fun and thrills.

I still have some funds I bought around 1985. My last stock purchase was four years ago. When I sell something it's usually for tax reasons.

I firmly believe that online trading and low commissions haven't done most investors a favor. Commissions are a fraction of what they were 40 years ago before they were deregulated. Yet it seems brokerage houses are making more money than ever.

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By the way I read a review of MVO last year. The author did a lot of math and decided it would probably yield about 3% until liquidation. I have no great problem with that (LOL!) but most Ihubbers will expect more.