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Old 02-05-2007, 04:03 PM
bdams19 bdams19 is offline
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Join Date: Mar 2006
Posts: 1,080
Default Re: Interested in opening a vangauard account...Suggestions?

I think I may have been a little vague. I currently have 38k to my name; I keep about 6-7k on the poker site which i play at (i can no longer deposit really so I use it to phase variance), and I keep the rest in my stocks.

I know a bunch of people who dont like to disclose stocks so I will tell you that I have recently sold CHL and LFC, two of my better picks that have come out of the Chinese market. It was recently suggested that the Chinese market bubble is going to burst so I have sold my positions in hopes that I can buy them again eventually at a discount.

I do not invest in stocks I do not believe in; as far as a crap shoot goes, perhaps wrong wording. It's just that I believe I can achieve similar gains with lower risk. I have been successful with stocks thus far but over a small sample and although I like to think I know what I am doing who knows.

I have read intelligent investor and The Warren Buffett Way and I am generally a value investor. I spend alot less time now than I did before reading annual reports looking for small caps that are under the radar to scoop up before they explode.
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