How to Make Money by Riding On Warren Buffett's Coat-Tails in the Stock Market
 

Hi Simon!

> You might find this new Buffet-breaking-news
> site interesting for a number of reasons:

> 1. Follows Buffet's picks
> 2. Describes the "Intelligent
> Investor" book by Graham.
> 3. Illustrates how easy it is to build a
> site that rides on the coat-tails of real
> success.

> Simon

> P.S. If you want to taste success - ride on
> it's coat-tails, don't "copy" it.

Simon, thanks for that web site! :)

There's a whole legion of people who essentially do nothing but try to mirror Buffett's every move....

If Buffett buys a particular stock, as soon as they hear about it, they zip off to call their broker to buy it too!

And whenever Buffett sells, then zip! They call their broker and sell too!

It seems to make sense to mirror precisely the actions of the world's most successful investor!

I prefer to take his technique and apply it myself.... In fact, the companies I tend to invest in are usually smaller companies than the ones Buffett invests in. I think Buffett can't really invest in smaller companies in a meaningful way, because he has so much money to invest. (The size of his wealth can be a liability in that sense, since it can limit his investment options.)

Anyhow, if you'd like to "mirror" Buffett's buys and sells, wow, that's a great web site!

I noticed that Buffett bought shares in Honeywell (as that web site says)....

Buffett keeps his "cards" held close to his chest until he is required to reveal his purchases by law, though, so there's always a delay of up to a year (I think) before you might know about Buffett's actual purchases....

Thanks for the site, Simon! Very interesting and useful.... :)

- Dien Rice

BTW...
 

I did buy MCIT after checking it out -- (not many shares, since I'm going with BuyAndHold and I don't have a lot to spend). I'm pretty satsified with the purchase, myself.

This market sure is a great educational experience. I did well in the first quarter-and-some, but lately it has been a real bloodbath.

I'm going to do some test portfolios and try these new methods (such a cautious beastie! I don't go flinging money around until I've done some studies.)

And yes, (g) I love stocks, too. I don't know much about them, but I love 'em -- partly because in learning how the market works, you learn how the world works!

Stock market investment methods that REALLY WORK
 

Hi Mel !

> I did buy MCIT after checking it out -- (not
> many shares, since I'm going with BuyAndHold
> and I don't have a lot to spend). I'm pretty
> satsified with the purchase, myself.

I hope it goes well for you.... :)

I didn't purchase it but as I said that's because I prefer to buy for capital gains.... But who can argue with a 21% dividend? :)

> This market sure is a great educational
> experience. I did well in the first
> quarter-and-some, but lately it has been a
> real bloodbath.

> I'm going to do some test portfolios and try
> these new methods (such a cautious beastie!
> I don't go flinging money around until I've
> done some studies.)

Mel, that's my attitude too!

I first became interested in investing in 1996, but did about six months of research before I made my first stock purchase in 1997....

I settled on a Warren Buffett-style technique because you just can't argue with the results!

He's been investing for something like 40 years or so, and in only a small handful of years has he not beat the S&P index!

Nobody in the world that I'm aware of has a record like that....

I think also part of the reason why people don't apply this technique more widely is that day-trading IS more exciting, you're always buying, selling, buying, selling....

But as for me, I like to relax.... I do have to do some work when I analyze a stock. For example, I always read through the Annual Report of a company before I invest -- something the majority of investors never do. (But nowadays, you can usually download the Annual Report from a company's web site.)

However, I know that once I've done the work at the beginning and finally bought a small handful of outstanding stocks, I can sit back and relax and not worry about it too much....

I do check up on their prices every now and then, but sometimes I go for weeks without checking.... Because I know that since I did my homework, and since I believe the stock will have long-term growth, I don't need to worry too much.... :)

In fact, where I've made mistakes it's often because I've sold too soon!

Anyhow, Mel, I highly recommend it.... I strongly recommend looking into this style of investing more. It really is profitable (well, it has been for me, and 40 years or so of Buffett's investment record can't be wrong)!

By the way, that Quicken web site you pointed out to us is really great! Thanks.... It's a very powerful tool. :)

> And yes, (g) I love stocks, too. I don't
> know much about them, but I love 'em --
> partly because in learning how the market
> works, you learn how the world works!

Yes, I love the stock market too! I think one thing I like about it is that it's always changing, which makes it exciting....

Even though I invest for the long term, it's still exciting just to be in this kind of atmosphere and to talk with others who are passionate about it too. :)

- Dien