09-13-2019, 09:54 PM
We can go round and round about this. I do learn many things from you youngin's lol. I don't mind being disagreed with, in fact I welcome it. My scar tissue remains and I do try to realize I hit a special set of circumstances during the tech bubble. . I thought I was somewhat diversified but the entire market was over-valued. The dotcom startups made the major tech stocks look fairly valued. It wasn't so. I was a kid then. I tuned the stock market out for a couple years, then slowly moved dead money into JNJ and XEL, and left my MSFT alone. Put now substantial new money into the SPX for quite a long time. That all turned out to be a good move. MSFT is the only stock where patience paid off, but it took way too long. How long before CSCO runs up another 60% and gets to 80. When will INTC hit 75? Those were the highs 20 years ago. Those are not exactly junk companies. That's my "valuation matters" lesson I won't ever forget, or stop sharing. Holding a stock 25 yrs to get back to even isn't good investing.