Comments on: Buy And Hold Portfolio as of 4/13/05 http://www.zero2rich.com/buy-and-hold-portfolio-as-of-41305.html Investing to One Million Dollars or Bust! Fri, 25 Jul 2008 08:33:15 +0000 http://wordpress.org/?v=2.5.1 By: Rob http://www.zero2rich.com/buy-and-hold-portfolio-as-of-41305.html#comment-12 Rob Thu, 14 Apr 2005 18:22:37 +0000 http://www.zero2rich.com/?p=31#comment-12 Hi Jayman! I am still chuckling about pig in lipstick comment. As I said in my previous comment, I probably wouldn't buy GM at this point. I bought it shortly before it dropped. And after it dropped, I briefly considered buying more. I actually had the order in, and then cancelled it. I am not a fan of GM cars. My last car was a Chevy Lumina, and I dumped it after it blew a head gasket. It only had 120,000 miles on it. The car I had previous to that was a 1990 Honda Accord which I had until it hist 235,000 miles whent he valves fried. The mechanic I traded it to, dropped another used engine in it, and sold it. So why did I buy General Motors? The main reason was the Book Value of the stock was 50, and the price was $35. I will hold on to it. I don't think GM is going away. They have new cars coming out next year, or the year after I think. They are also working on hydrogen powered cars. Another reason I bought it was they had GMAC which I thought was a bonus. Most of the rest of the numbers stunk. Live and learn. Pretty much my whole portfolio is in the RED except for Merck. Watch me lose my money! :) I am hoping to make a little money on the Google Adsense banners (thus far, not too many clicks), and the ZTR Book Store (see links), which I can also invest, maybe offset some of my losses. Hi Jayman! I am still chuckling about pig in lipstick comment. As I said in my previous comment, I probably wouldn’t buy GM at this point. I bought it shortly before it dropped. And after it dropped, I briefly considered buying more. I actually had the order in, and then cancelled it. I am not a fan of GM cars. My last car was a Chevy Lumina, and I dumped it after it blew a head gasket. It only had 120,000 miles on it. The car I had previous to that was a 1990 Honda Accord which I had until it hist 235,000 miles whent he valves fried. The mechanic I traded it to, dropped another used engine in it, and sold it. So why did I buy General Motors? The main reason was the Book Value of the stock was 50, and the price was $35. I will hold on to it. I don’t think GM is going away. They have new cars coming out next year, or the year after I think. They are also working on hydrogen powered cars. Another reason I bought it was they had GMAC which I thought was a bonus. Most of the rest of the numbers stunk. Live and learn. Pretty much my whole portfolio is in the RED except for Merck. Watch me lose my money! :)
I am hoping to make a little money on the Google Adsense banners (thus far, not too many clicks), and the ZTR Book Store (see links), which I can also invest, maybe offset some of my losses.

]]> By: Jayman http://www.zero2rich.com/buy-and-hold-portfolio-as-of-41305.html#comment-11 Jayman Thu, 14 Apr 2005 17:50:50 +0000 http://www.zero2rich.com/?p=31#comment-11 Hey dude, I stumbled across your blog last night and am finding it very interesting. Best of luck to you as I am pretty much in the same situation as you. I'm just getting into trying to create wealth. I'm not a big time expert (or even a little time expert), but I do have to question why you own GM? That company is a dog and I would get rid of it as fast as you can. They have huge losses, their cars suck, their bonds are rated below junk and there is nothing on the horizon that looks good. Gas prices are high and going higher, yet they are introducing a new line of SUV's? Next they will have to cut those dividends to try to cover their debts and those bonds. Someone once said "you can put lipstick on a pig and call it Monique, but it's still just a pig". I don't think you can even put lipstick on this pig. Anyway, like I said, I'm not an expert but just thought I'd share my opinion with you. Not that you asked for it or anything. haha Best of luck to you. Hey dude,

I stumbled across your blog last night and am finding it very interesting. Best of luck to you as I am pretty much in the same situation as you. I’m just getting into trying to create wealth.

I’m not a big time expert (or even a little time expert), but I do have to question why you own GM? That company is a dog and I would get rid of it as fast as you can.

They have huge losses, their cars suck, their bonds are rated below junk and there is nothing on the horizon that looks good. Gas prices are high and going higher, yet they are introducing a new line of SUV’s? Next they will have to cut those dividends to try to cover their debts and those bonds.

Someone once said “you can put lipstick on a pig and call it Monique, but it’s still just a pig”. I don’t think you can even put lipstick on this pig.

Anyway, like I said, I’m not an expert but just thought I’d share my opinion with you. Not that you asked for it or anything. haha

Best of luck to you.

]]> By: Rob http://www.zero2rich.com/buy-and-hold-portfolio-as-of-41305.html#comment-10 Rob Thu, 14 Apr 2005 17:37:51 +0000 http://www.zero2rich.com/?p=31#comment-10 Hi Keyser! Thanks for you comments. I am trying to keep most of my money in the market in one way or another. As commented elsewhere in my blog, my Buy And Hold portfolio is a small portion of my savings. A much larger portion is in my 401k. I also have some stock options, a compnay stock pruchase plan, as well as my mother's thrift from which I will be taking disbursments from over the next five years or so (mostly going to into my and my wife's Roth IRAs). My wife also has a 401k. I am probably going to be putting a large chunk of my investments into ETFs, though hopefully fairly agressive ones. While the REITs are kind of like stocks, they are my attempt to divserify my portfolio into Real Estate. We have a small amount of equity in our house, but the majority of our savings is in stocks, and stock funds. So within my Buy And Hold portfolio, I may actually put a higher percentage into the IYR REIT index fund to balance the whole. Overall, I am fairly happy with my holdings. I wish I had bought General Motors a month later, though I probably wouldn't buy it now. I think it will rebound at some point. I don't believe GM is going to go away anytime soon. I probably would buy the VTI (mimics the Wilshire 5000) now either as I don't think it is aggressive enough. I wish I had bought more Merck, and probably will buy some more. I may buy some Pfizer as well. I am also looking at picking up some shares of Amazon. I have been making alot of money as an Amazon associate, so I may stick a chunk of my Amazon earnings into their stock. I am investing for long term, and plan over having these holdings for a long time. I played the buy and sell game a few years, and that didn't work so well. So I am trying something different. Am I an expert? GOD, NO! That's the whole point of this site. Watch me get rich, or lose my money trying! :) But I am having fun. I hoping for the get rich side of things personally. Hi Keyser! Thanks for you comments. I am trying to keep most of my money in the market in one way or another. As commented elsewhere in my blog, my Buy And Hold portfolio is a small portion of my savings. A much larger portion is in my 401k. I also have some stock options, a compnay stock pruchase plan, as well as my mother’s thrift from which I will be taking disbursments from over the next five years or so (mostly going to into my and my wife’s Roth IRAs). My wife also has a 401k. I am probably going to be putting a large chunk of my investments into ETFs, though hopefully fairly agressive ones. While the REITs are kind of like stocks, they are my attempt to divserify my portfolio into Real Estate. We have a small amount of equity in our house, but the majority of our savings is in stocks, and stock funds. So within my Buy And Hold portfolio, I may actually put a higher percentage into the IYR REIT index fund to balance the whole.
Overall, I am fairly happy with my holdings. I wish I had bought General Motors a month later, though I probably wouldn’t buy it now. I think it will rebound at some point. I don’t believe GM is going to go away anytime soon. I probably would buy the VTI (mimics the Wilshire 5000) now either as I don’t think it is aggressive enough. I wish I had bought more Merck, and probably will buy some more. I may buy some Pfizer as well. I am also looking at picking up some shares of Amazon. I have been making alot of money as an Amazon associate, so I may stick a chunk of my Amazon earnings into their stock. I am investing for long term, and plan over having these holdings for a long time. I played the buy and sell game a few years, and that didn’t work so well. So I am trying something different. Am I an expert? GOD, NO! That’s the whole point of this site. Watch me get rich, or lose my money trying! :) But I am having fun. I hoping for the get rich side of things personally.

]]> By: Keyser http://www.zero2rich.com/buy-and-hold-portfolio-as-of-41305.html#comment-8 Keyser Thu, 14 Apr 2005 13:01:05 +0000 http://www.zero2rich.com/?p=31#comment-8 Interestingly found your website while doing a search for jim cramer. I'm a fan of his show but I wouldn't take his advice without doing some due diligence. Anyways I've also got a similar goal (although my goal was to go from negative 30k to 6 mil by age 45. And I've got a 2 year jump start on you. Anyways, some advice -- Your portfolio has way too much stuff in it and alot of the stuff is crap. The dogs of the dow has been discredited. The motley fool used to be big on it but upon further analysis they realized that it was no better/worse than the rest of the dow. It was only better had you bought on a specific date and time every year. The motley fool is good for begineers but I think their site has gotten old. The only thing they do now is push their newsletters and they have no focus (they used to be smallcap growth, anti mutual fund guys but now they push every thing -- exactly what they used to rail against). Beware of all stock talk shows/writers. Also skip most (if not all) investment seminars (Waste of time, and they're only pushing a product that'll make them rich). I keep 100% of my savings in stocks and if you want to get rich as quickly as possible I'd suggest the same (assuming you no immediate need for the money). Goodluck Interestingly found your website while doing a search for jim cramer. I’m a fan of his show but I wouldn’t take his advice without doing some due diligence.

Anyways I’ve also got a similar goal (although my goal was to go from negative 30k to 6 mil by age 45. And I’ve got a 2 year jump start on you.
Anyways, some advice —

Your portfolio has way too much stuff in it and alot of the stuff is crap.

The dogs of the dow has been discredited. The motley fool used to be big on it but upon further analysis they realized that it was no better/worse than the rest of the dow. It was only better had you bought on a specific date and time every year.

The motley fool is good for begineers but I think their site has gotten old. The only thing they do now is push their newsletters and they have no focus (they used to be smallcap growth, anti mutual fund guys but now they push every thing — exactly what they used to rail against).

Beware of all stock talk shows/writers. Also skip most (if not all) investment seminars (Waste of time, and they’re only pushing a product that’ll make them rich).

I keep 100% of my savings in stocks and if you want to get rich as quickly as possible I’d suggest the same (assuming you no immediate need for the money).

Goodluck

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