Post of the Day
January 6, 1999
Rule Breaker Port Folder
Posts selected for this feature rarely stand alone. They are usually a part of an ongoing thread, and are out of context when presented here. The material should be read in that light.
Subject: Take Responsibility for Your Investments
I meant to post this last night but I got booted off the boards. It was written in response to those who wanted to mimic the Rule Breaker Port and seemed to be proud that they didn't do any work yet could make tons of money. This post should be read in conjunction with shepdog's excellent post #1386:
All these new people who write in and want to spend their money mimicking the RB Port remind me of a post here at the Motley Fool several months ago. In it, a person had blindly mirrored the Cash-King Portfolio (as it was called at the time) and had the misfortune of buying right at the peak of the market in July. Needless to say, even the Cash-Kings dropped when the market dropped, and the person's port immediately dropped 20%. The person then posted that they knew nothing of stocks, came to the Motley Fool, trusted the Brothers Gardner, and invested in the Cash-Kings because they were in the Cash-King Port.
|"...people are blindly mimicking the Rule Breaker Port, and that's fine, as long as you realize that you are accountable for the consequences."|
The point of this story is that now people are blindly mimicking the Rule Breaker Port, and that's fine, as long as you realize that you are accountable for the consequences. You didn't do any research. The RB Port stocks will go up, and they will go down, due to the great risk of the portfolio and the normal gyrations of the stock market. When the RB Port goes down, or the newest RB Port
|"...just remember that it was your choice to buy the stock and it was your responsibility to know why you bought."|
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