Due to technical glitch, all of my previous posts got wiped out. So I am starting from scratch.

The goal of this website is to document my rise to riches, or my fall to poverty. I personally am hoping for the former. I am an amateur invester, but am slowly learning. I will likely make mistakes, but they will be documented here, as will my successes. As I read books, I will post reviews.

My assets at this point consist of my 401k which is worth about $190,000, and is invested in 4 funds (s&P500, Mid-Cap fund, Small Cap Fund, International fund), and 20% in my company’s stock. I have some stock options that are worth about $20,000. I have some company stock which I buy through a purchase plan, which is worth about $2000.
The main focus of my investing will be my account at Buy And Hold (dot com). I currently have about $3100 worth of investments there, which cost me about $3250. My holdings are Citibank (C), Coca Cola (KO), General Electric (GE), General Motors (GM), Merck (MRK), SBC Communications (SBC), Verizon (VZ), and two ETFs: DJ US Real Estate Index (IYR) wich is a REIT index fund and Vanguard Total Stock Market-Vipers (VTI) which follows the Wilshire 5000.
I currently believe in the principle of buy and hold for long term investing. I have lost money in the past on losers such as Marvel Entertainment, Jumbo Sports, ICOS, Swissray Medical, Borland. I am trying to stick to larger comapnies at this point. My father in law told me about the Dogs Of The Dow a few years ago, so I am playing with that strategy. More to come in the days, weeks and months ahead. Join me on my journey to wealth, or my plummet to the poor house.

Posted by Rob in Getting Rich on March 24th, 2005 | No Comments