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10-30-2006, 09:20 PM
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I believe he also suggests getting out with 2 reds and a sideways move. I believe he also says we need to get out when the stock has reached its value and wait for it to come back down before purchasing it again.
    
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10-30-2006, 11:26 PM
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Confirmed on the two reds and sideways move. Also, when your stock price reaches about 80% of the Sticker Price, that's when you need to watch very carefully and sell quickly. Otherwise, if you buy in near MOS and the stock fluctuates for a little while, don't worry about it. As long as it has the 4 MMMM's, you're fine!
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Trading: remember, own businesses, don't trade stocks. Investools: figure out the price of Investools as a percentage of your base (your initial investing money), and remember that you have to deduct that out of your gains. Also, are you experienced enough to need these extras? Rule #1a: Don't waste money. Phil's book: it is not the Investing Bible. Believe it because it makes sense, and otherwise modify it to fit your reasoning and skills. 8-17-9 and 14-5 are not Golden Ratios.
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10-31-2006, 12:41 PM
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Just started, and now consumed by Rule One...
Hello everyone!
I discovered the Rule #1 book over the weekend and finished it in two days. Why has it taken so long for me to wake up to REAL investing?? All I've done before now is passively watch the funds in my 401K dawdle along...I've lost about 15 years of potential returns beyond a pathetic 5%-8%! Anyway, I'm committed to turning things around. I'm sure it'll take awhile to get up to speed. The Excel spreadsheet template on the site is amazing--glad I found it early on (I'm an idiot when it comes to math!). I'll have lots of stupid questions I'm sure, so I thank everyone in advance for helping me out! Andrea
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10-31-2006, 12:58 PM
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Hello Andrea and welcome to our Community
 I think that you'll find this community to be a valuable supplement to your Rule #1 studies. You'll find a designated area for nearly any topic you could be interested in. We'll help you familiarize yourself with the entire process as well as check over your homework for any business you have researched. Please let me know if you have any trouble finding what you need! Justin Brand
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"Statistics: The only science that enables different experts using the same figures to draw different conclusions." - Evan Esar
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10-31-2006, 01:32 PM
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Welcome! Make sure you discuss what you can, we're all learning here. It's one thing to passively read opinions, it's another to air out theories and thoughts!
__________________
Trading: remember, own businesses, don't trade stocks. Investools: figure out the price of Investools as a percentage of your base (your initial investing money), and remember that you have to deduct that out of your gains. Also, are you experienced enough to need these extras? Rule #1a: Don't waste money. Phil's book: it is not the Investing Bible. Believe it because it makes sense, and otherwise modify it to fit your reasoning and skills. 8-17-9 and 14-5 are not Golden Ratios.
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10-31-2006, 03:12 PM
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Hello rule one community
Like many I read the book in a few days and plan on rereading it again soon. I am trying to make a transition from mutual funds to ETFs to stocks. Like many I find it difficult to find companies that pass the rule #1 test.
Thanks for the excellent site. Daisy is our Shih Tsu dog and when all else fails I talk to her to keep things in perspective.
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10-31-2006, 03:18 PM
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Hello Daisy and welcome to our Community. Thanks for the kind words also!
Don't hesitate to ask any questions you have along the way
__________________
"Statistics: The only science that enables different experts using the same figures to draw different conclusions." - Evan Esar
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10-31-2006, 05:49 PM
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Welcome! Keep on studying and discussing!
__________________
Trading: remember, own businesses, don't trade stocks. Investools: figure out the price of Investools as a percentage of your base (your initial investing money), and remember that you have to deduct that out of your gains. Also, are you experienced enough to need these extras? Rule #1a: Don't waste money. Phil's book: it is not the Investing Bible. Believe it because it makes sense, and otherwise modify it to fit your reasoning and skills. 8-17-9 and 14-5 are not Golden Ratios.
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