sharksm

20 Guidelines for the Individual Investor

About the only think he forgot to say is "don't buy after they go chapter 11"

20 Guidelines for the Individual Investor

Just about the most useless example of advice I have had the misfortune to read. Filled with generalizations and names that have already have had good run. Advising to sell when an insider sells stock in most cases is not as meaningful as who the Insider is and how his annual pay is computed. Watching a CEO & Management buy is far more bullish than watching a director sell. Adice such as seal at a "peak" ridiculous, unless you have a ouija board, to tell you what the peak is. Successful Investors do not sell winners, but losers and let the winners run. I have a position in PM, MO & KFT that started 30 years ago with 1,000 shares and now is 20,000 MO, 20,000 PM & 13,000 KFT. When should I have sold? My dividends amount to over $75,000 a year, twive what I paid for the original position. What "peak" would he have had me sell at? I did the same with PG, JNJ, XOM, etc