Re: [CANSLIM] Which software is best?

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Which software is best?
Date: Fri, 21 Dec 2001 23:45:50 -0600
Next Article (by Date): Re: [CANSLIM] Which software is best? SKutney@aol.com
Previous Article (by Date): Re: [CANSLIM] TOL "Tom Worley"
Next in Thread: Re: [CANSLIM] Which software is best? SKutney@aol.com
Articles sorted by: [Date] [Author] [Subject]
This is a multi-part message in MIME format.

- ------=_NextPart_000_0266_01C18A79.9EF644A0
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

Steve,

I can only answer this question for myself, not for others. I think of =
my investments as a business. (But I'm a nut and run my own =
personal/household finances that way as well.) When I consider a new =
tool, I evaluate the value it will bring and the time that it will save =
me and then weigh that against my expected return on investment. So, for =
example, I use a software program called VectorVest. When I first =
started using it, the cost was equivalent to a round trip in a stock. I =
figured that if the benefit I could get from it would save me from =
making one lousy trade per month, I'd break even. If it could enhance my =
overall return, so much the better.

That said, I do think that it's possible to invest with the IBD and =
investors.com, you just won't have as many tools available to mine for =
candidates. You will be at the mercy of the IBD editors and what they =
choose to write about. The charts and stock check at investors.com are =
excellent and mirror DGO in many ways, but they do not allow you to mine =
for stocks. Fundamental information and stock screening tools are =
readily available on the web at sites like MSNMoneyCentral and =
YahooMarketGuide, so there is no need of specials tools for this, =
either. If you are still able to make very good selections, evaluate =
them, and then choose entries and exits on these tools, then it wouldn't =
make sense to invest additional dollars on anything else. I am a fan of =
keeping things simple, and I think this is what a method like this =
reflects.

All these other tools appeal to different styles, tastes and =
preferences. They do not, by themselves, make a person a "better" =
investor and therefore may not create a measurable return on investment.

I hope that others will also give their point of view on this.

Katherine
  ----- Original Message -----=20
  From: SKutney@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Friday, December 21, 2001 6:51 PM
  Subject: Re: [CANSLIM] Which software is best?


  Katherine,

    At what point are these additional tools valuable. Prior to =
investors.com I felt a real need for a graphing package. I don't feel =
that way since IBD offered investors.com.
  The addition of QP, Daily Graphs , VectorVest, AIQ or TS2000  raises =
the cost of investing. I'm saying that the newspaper plus investors.com =
is a good deal for most investors. In HTMMIS WON says if you have up to =
a million dollars to invest you should own maybe five or six stocks. =
With 5,000 to 20,000 three stocks is a maximum.=20

    My question to you is at what point are the additional costs =
justified?

  Steve Kutney=20

- ------=_NextPart_000_0266_01C18A79.9EF644A0
Content-Type: text/html;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Steve,</DIV>
<DIV>&nbsp;</DIV>
<DIV>I can only answer this question for myself, not for others. I think =
of my=20
investments as a business. (But I'm a nut and run my own =
personal/household=20
finances that way as well.) When I consider a new tool, I evaluate the =
value it=20
will bring and the time that it will save me and then weigh that against =
my=20
expected return on investment. So, for example, I use a software program =
called=20
VectorVest. When I first started using it, the cost was equivalent to a =
round=20
trip in a stock. I figured that if the benefit I could get from it would =
save me=20
from making one lousy trade per month, I'd break even. If it could =
enhance my=20
overall return, so much the better.</DIV>
<DIV>&nbsp;</DIV>
<DIV>That said, I do think that it's possible to invest with the IBD and =

investors.com, you just won't have as many tools available to mine for=20
candidates. You will be at the mercy of the IBD editors and what they =
choose to=20
write about. The charts and stock check at investors.com are excellent =
and=20
mirror DGO in many ways, but they do not allow you to mine for stocks.=20
Fundamental information and stock screening tools are readily available =
on the=20
web at sites like MSNMoneyCentral and YahooMarketGuide, so there is no =
need of=20
specials tools for this, either. If you are still able to make very good =

selections, evaluate them, and then choose entries and exits on these =
tools,=20
then it wouldn't make sense to invest additional dollars on anything =
else. I am=20
a fan of keeping things simple, and I think this is what a method like =
this=20
reflects.</DIV>
<DIV>&nbsp;</DIV>
<DIV>All these other tools appeal to different styles, tastes and =
preferences.=20
They do not, by themselves, make a person a "better" investor and =
therefore may=20
not create a measurable return on investment.</DIV>
<DIV>&nbsp;</DIV>
<DIV>I hope that others will also give their point of view on =
this.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DSKutney@aol.com =
href=3D"mailto:SKutney@aol.com">SKutney@aol.com</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, December 21, 2001 =
6:51=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Which =
software is=20
  best?</DIV>
  <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT color=3D#000080=20
  size=3D2>Katherine,<BR><BR>&nbsp; At what point are these additional =
tools=20
  valuable. Prior to investors.com I felt a real need for a graphing =
package. I=20
  don't feel that way since IBD offered investors.com.<BR>The addition =
of QP,=20
  Daily Graphs , VectorVest, AIQ or TS2000&nbsp; raises the cost of =
investing.=20
  I'm saying that the newspaper plus investors.com is a good deal for =
most=20
  investors. In HTMMIS WON says if you have up to a million dollars to =
invest=20
  you should own maybe five or six stocks. With 5,000 to 20,000 three =
stocks is=20
  a maximum. <BR><BR>&nbsp; My question to you is at what point are the=20
  additional costs justified?<BR><BR>Steve Kutney</FONT>=20
</FONT></BLOCKQUOTE></BODY></HTML>

- ------=_NextPart_000_0266_01C18A79.9EF644A0--


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
Go to Jeff Salisbury LWGate Home Page.