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PetSmart, Inc Message Board

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  • pezaguy pezaguy Aug 18, 2010 9:26 PM Flag

    BYE BYE SHORTS!

    <<Anyone who buys and holds a stock through thick or thin, regardless of market and economic conditions, is going to lose more capital than they need.>>

    That's not always the exact case. While I agree that one should always monitor their investments, buying and holding certain stocks is a proven way to build wealth over a long term.

    For example, I bought some PETM 8 years ago for $10 a share and now that investment pays me 5% a year in dividends and I have a large capital gain if I wish to sell some or all.

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    • I kind of agree with you, but were are in a time of change....a permanant change. So even if your theory worked from 8ys ago, only time will tell if it will work going forward.

      HFTs are 80% of the markets, and makes money going up and down. More people are controlling their own accounts, so fund managers cant determine the stability of the market anymore...not to mention, their fees are no more, if you control your portfolio. Intrest rates at 0% change the playing field. Im glad its working for you, but going forward, I think that way of investing is dead and will be only a fraction of the market.

      • 1 Reply to lloyddobbler2
      • I think this is the most unsettling time I have seen. Our fed guvmt, via congress-both parties, seems determined to socialize this nation.

        I assume that will take many more years. The capitalistic system should survive and that means some, not all, companies will adapt and adjust. I think any person investing for his future should try to assemble a few stocks that will grow and pay dividends.

        Yes it is hard to pick winners; thats why I diversify. There are companies that consistantly raise dividends. A $30 stock today paying $1 dividend could easily pay a $2.50 dividend in 10 years; resulting in a future 8% yearly return.

 
PETM
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