You keep tempting me, but with that good experience you’ve had, why haven’t you taken at least a small position? Is something holding you back?
Oh, let me count (list?) the reasons. Well, not all, but the main ones.
First reason: I did my initial investigation as part of the analysis practice on Neil’s Investment Analysis Club board. The reason for analyzing a new stock each week for me was not to find investment ideas, but to practice business & financial analysis, a skill I want to build, and not currently a strength. So goal was practice, not fishing for ideas. I want to improve my stock analysis and buy and sell decisions but didn’t think starting off by buying would be as profitable as getting more practice under my belt first.
Second reason: As part of my current “trying to become a better investor” plan, have been reading and studying your board. As part of that focus, I’ve been trying to reduce the number of companies I hold (a large bevy). I’ve made some initial easy cuts letting go of some of the poor performers I was waiting for and hoping would come back. But past that, I’m finding it very difficult to choose or cut the cord. Adding new darlings doesn’t quite fulfill the goal of creating portfolio of a number I can really pay attention to studying. (Since starting Neil’s board, I’ve been managing to study a new company each week, but haven’t even yet gotten to adding “beginning to do a deeper dive on all the companies I own.” (Which would likely make it easier for me to decide which to cull.
Third reason: Since I have been inspired by this board to better learn to evaluate, some of the areas LOGM does not quite meet your general guidelines does give me pause, although my enthusiasm about what LOGM offers and it’s growing value in the connected world at the same time does push me towards loosening some of those parameters.
Fourth reason: I do tend to get excited about tech. (Even though I am not an overly techy person.) Actually, I think one of the reasons I tech inspires me is because I think of myself as tending to be a spiritual person (not religious spiritual, more “Zen-ish” spiritual which holds that there is an unified force underlying and connecting all life. (Pretty Quantum-ish, too.) But I see the growing connectivity of the internet as a symbolic physical manifestation of the world’s growing recognition of the inner underlying connection between all and get very excited by that. As a result of that, my portfolio tends to be rather tech heavy (helped also by my oversize NFLX position bought at 10 and 14 many years ago — much has been sold, but what’s left still makes it may largest position.)
Fifth reason: Well, no fifth reason, so, hey, I bought just a tiny nibble to watch this morning. We’ll see. Still SO SO MUCH to learn…
Now, must get back to work, log in to LogMeOn, and do some work on BF’s Quickbooks account! (Oh, but first, I’d better feed the dogs. Late this morning…)
okapimoon