Hello and welcome to our community!

[trip]

Hi all,
I recently got the book and read it twice and liked it very much as Mr. Phil town gives a very clear step by step approach to make money(not lose money) in Stock market.

I haven't started any trading yet but watching a few companies, I will keep you posted about my portfolio .


Have a nice week end.

[JayC]

I'm a 33yo newby to investing. I tried to research in to personal investing a couple of years ago via the Motley Fools site. This seemed to concern my better half so I dropped it as I didn't need the added stress and it's scary when you are not in familiar territory.

A buddy recently let me borrow the Rule#1 audio CD (we swap audio CDs back and forth). I got to chapter 3 and told my wife I wanted the book for father's day. Well, rather than risk it, I went with her to buy it. Then I started to follow the examples. I'm been building up my own spreadsheets with links to the website (MSN) webpages per Phil's blog. I've been paper trading on VIPO.com, presented by Vipo Securities, member NASD/SIPC and learning more every day. On my free time at work I have been reading Phil's blog from day 1. I'm up to June 2006. Lot's of info/tips so it's been well worth it.

My buddy is going gung ho in pursuing Robert Kiyosaki (cashflow101) stuff. I think he's going too fast in too many directions. He told me the reason he wanted me to listen/read Rule#1 was because I'm so analytical and unemotional. So I guess that makes me the designated investor :)

I have recently opened up a Roth IRA with Scottrade but don't plan to do anything with it until my paper trading improves. At this point my start stocks are Garmin and Google ... but Google is beating me with a stick right now. I downloaded the MOS spreadsheet (awesome work Jason) and ran both. The numbers for Google line up with my spreadsheet, but Garmin's don't. Ah more research but Garmin sure looks great to me. Other stocks were "value" speculations. Kind of a waste of time even though they are earners.

Well, that's it. I don't want to get into my personal finances but I will say I don't have any debt other than a mortgage and I have a 6+month savings sitting in a money market checking account at 4.75%. Not bad, but %15 sounds better to me ... even if Uncle Sam gets some of that I am sure I can beat 4.75%.

Looking forward to learning from and with the rest of the community here. Oh, one last thing, I'm attending an Investools seminar in two weeks. I don't expect to buy anything (I never buy anything without checking with the boss and we never buy anything without waiting 3 or more days) but it should be a learning experience nonetheless.

Jay

[Gunnski]

Nice job! Good to have you aboard. Try and read as much as you can. When your confidence is up, you'll make the correct decisions! Just remember "Mr. Market" does get wild and crazy & there is not much we can do about it! Good investing.

[Hobbes]

Good Luck! Be careful with those expensive P/E stocks...they look great for a while and they are always tempting...but they are also the riskiest stocks out there...

[JayC]

Originally Posted by Gunnski

Nice job! Good to have you aboard. Try and read as much as you can. When your confidence is up, you'll make the correct decisions! Just remember "Mr. Market" does get wild and crazy & there is not much we can do about it! Good investing.

Thanks for the encouragement. I've already learned some tricks from you and at this early point I can tell you and npg are going to be real assets to my learning.

Jay

[JayC]

Originally Posted by Hobbes

Good Luck! Be careful with those expensive P/E stocks...they look great for a while and they are always tempting...but they are also the riskiest stocks out there...

I suspect you mean Google. Yeah, but talk about a stock that has uber meaning to me. I mean I use and recommend GMail daily (friends, family, anyone that'll listen), love Google Earth, just signed up for Reader, couldn't live with out Desktop search, user Google search over 50 times a day (but who's counting). The only thing I don't use is Checkout yet. I love their philosophy, would love to work for them, and appreciate their new google.org philanthropy.

But that does get me to thinking. I am not a proponent of Global Warming (way blown out of proportion), but I am against pollution and waste. I need to look at companies that do cleanup, or products that reduce emissions/pollutants (I sure wish Teslamotors would go public). I've looked at alternative energy companies ... none were R1. Also, I'm more into the technology of a product. Maybe I should look at companies that "make the things I buy better".

Thanks for sparking my imagination on this, I have been in a "writer's block" type mentality for over a week thinking about it.

Jay

[galeyw]

Hey guys & gals!
Married w 2 ch ages 14 & 3. Been having very solid returns ave over 12% w my MFs, but saw Phil @ a success siminar a few yrs back and recently bought his book & decided to split my roth in half and invest half myself. This way I can continue letting my MFs perform and we'll see who does a better job over time.
As far as I can tell, this is a great community and I'm looking forward to participating.
Question 1: Why does this spreadsheet & Rule#1 analysis spreadsheet differ on most co analysis?
Question 2: What do ya'll think of WIT??
Thanks,
Jason

[Mediccoin]

Hi everyone, I am new here and new to investing on my own. I have been invested in a state retirement program for about 20 yrs now. I'm eager to learn how tot do this myself so I can take care of mine and my family's future legacy. Thanks fro having me here, Bill

[Gooned]

I'm really excited to dig in and share information with everyone. I need to overhaul my 401k (convert to IRA), ROTH, kids accounts.... you name it. Seems to me that with some good research and a bit more education I can do much better than in the past. I'm 50, with wife and three kids so I need to really ramp up. The Rule #1 book is great, but learning from the experienced investors will pay huge dividends.

Ken

[rockbadenuff]

I bumped into this book, Phil Town Rule #1 and now I'm hooked. Is it really that easy?!!? I'm looking for the Excel software that was developed by ROIC. How can I download a copy of that? I'm from the Pacific Northwest, a transplant from SoCal. It rains alot up here but its really warm this week. It reminds me of home. Any way, Hello and good luck to every one with the 'what it takes to make it' stuff.