Hello and welcome to our community!

[flwhokie]

New member here also. Read the book a while back, but have put most of my online invesing on the back burner while I started up my Real Estate career. Eager to learn and get back to solid investing. I've been trading for about 3 years with limited success using such tools as Wizetrade and the beginnings of Investools. I plan to re-start using the Investools web site in March, since it seems to work well with the Rule1 strategy. I look forward to chatting with everyone from time to time. Luckily, I can still trade fairly actively from my office and will do so in the near future.

[Bret]

Great idea for a forum...
I don't have a lot of time to contribute but enjoy checking in from time to time to see what members are discussing. I have already benefitted from the automated MOS calculator...put the simple spreadsheet I created after reading Rule #1 to shame.

[Gunnski]

Welcome from Fresno. You will reap lots of benifits from this forum!

[Justin]

Hello Bret and welcome to our community!

[Bret]

Thanks guys, good to be here.

[Lee]

Greetings all,

I'm from San Diego. I learned about Rule #1 when I saw Phil Towne at a Get Motivated seminar. I was very intrigued by what he had to say and started researching his book and the invest-tools online.

I am very excited to find this web site, it looks awesome.

Currently, my plan is to start learning from his book and this website.

Question: I am curious about Investtools vs. other investing software. I've read snippets on here and elsewhere about other companies "free" stock analysis software. Invest tools seems pricey and I'm wondering -- does it do something the other free/less pricey programs do NOT do? If not, why do some choose to use it? If so, what?

Thanks so much and I'll be checking out all the great info on here!

[Pittsburgh]

I'm new to investing and Rule #1. I have read Phil's book and have been studying it from front to back. Also I enjoy this web site although at times it creates more questions than it answers.

I picked the name "Pittsburgh" in hopes of engaging other Pittsburgh Rule#1 investors in conversation over coffee.

Incidentally, many thanks to all involved in the MOS calculator. You have advanced my (and I am sure others) understanding of the principles of Rule#1 investing immensely.

Barry

[pkamoako]

i have read phil towns book but i am finding it very difficult to attain companies that meet rule #1 requirements

[madduxcy4]

I read the book as well and looked for companies meeting the requirements. Like you, I am having difficulty finding companies meeting the criteria. The philosophy certainly makes sense (ie. consistency, MOS, etc.), and given the stringent requirements, it looks like the "screening process" leaves only the most qualified candidates for your investing dollar. (I can see early on how it is tempting to "force" a company to qualify when you go through 10, 20, 30 companies and you keep getting "close but no cigar).

I am new here as well, and welcome the suggestions from other members on this.

[Justin]

Hey guys, welcome to the community!

Yeah it can be very difficult finding companies that meet Rule #1 requirements, but try looking at it from a different perspective:

Rule #1 is designed to help is find profitable business with a certain degree of long term predictability, and let's face it - there really aren't that many predictable stocks trading on wall street nowadays.

The key is to customize your searches to sift through the most obvious junk stocks out there you are going to come across. Then, we want to systematically disqualify as many stocks as we possibly can, leaving only the "creme de la creme" to choose from. Here are some excellent examples of custom search strategies our members have submitted:
http://www.roicommunity.com/forum/searching-investment/

A good search may net you only 40-50 results (or even less), with only a small handful of potentially viable investments. I say potentially viable because at this point because there are dozens of other reasons that still may disqualify the business from consideration.

By following Rule #1, you'll find that you now have this remarkable ability to systematically dissect any business someone throws at you. Once you get the hang of it you'll be able to mow down entire lists of stocks in a fraction of the time.

You might find some particular interest in browsing through our Homework Examples Archive. It might help see how others are building their portfolios. Here is a direct link to that section of our website:
http://www.roicommunity.com/forum/ho...mples-archive/

Hope this helps, see you guys back on the boards!