The market gave me a good old fashioned beating today

Date:


I do buy some stocks to hold for 30 years – WDC, FGL etc.
These are large successfull, world leaders that make steady profits, pay good dividends, and are likely to still be around making big profits many years into the future. They are not necessarilly undervalued when I buy them, they’re not overvalued though.

I buy some stocks because I percevie they are undervalued at the time MRE, RIN – and after they go up (hopefully) I reasses whether they are still worth holding.

And I trade (gamble) with a few for Fun – MTN, CQT etc.

Ben Graham did the same, except he was against trading, I embrace it like I embrace sports gambling, blackjack, and horse racing, it is fun.

The majority of my stocks are in the first category. :p:



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