TSX:REI.UN - Post by User
Post by
Culturevultureon Oct 14, 2002 2:44pm
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Post# 5505787
JW
JWInvesting 101...deep breathe and exhale....RELAX....now I don't know how old you are...or if your retired or close to it....since I don't know your profile I can only generalize here
1. As far as any of us can tell REI is as solid as they come and price fluctuations are a matter of coarse...at this point the best thing to do is reinest divs (if you don't need the income) and view this as a longterm hold
2. This does not mean anybody guarentees anything...ANYTHING can happen....listen to what CF has to say..(he saves me a lot of work bless him) CF has this company turned inside out and EE and a few of the other boys here....these are not pennystock highrollers...but seasoned retail investers who care very much when their $$$ is on the line
3. Big one...never ever have more than 20% of your portfolio in anything....well except cash......I like 15% even more...but what can happen is companies grow in your port and I do make exceptions if all is well IMO
4. These are volitile times....best to reinvest in value...one of my core holdings CLC dropped to $27 and change relentlessly over a couple of mnths from mid 30's....Friday it was up $3.95....and moron I am did not nibble at the low...da...I would not sell this...I want $60 down the road.....I KNOW there is nothing wrong with the company...I do my homework here...I feel so comfortable holding this the only question becomes when to add to this gem
5. I have my fill of REI at the moment....it's my 2nd largest hold..(well 3rd if you count cash) but it reinvests every month at...oh cv loves this part....at a frigging discount!!!!!!!...ROTF......
6. I wish you all the best bud......remember to see the tree's when you look at the forest...take your time....be real picky...and when you find something SOLID....unless you can find a reason not to....stay the coarse......Cheers and Regards...John