How to keep it simple

From: "John D. Dennis" <jdennis@po3.nsknet.or.jp>
Subject: How to keep it simple
Date: Fri, 05 Feb 1999 15:14:54 +0000

Next Article (by Date): lesson learned SMabel555@aol.com
Previous Article (by Date): Stock Question David Cay Johnston
Articles sorted by: [Date] [Author] [Subject]

Hmmm....I really dread coping with the volume of year-end statements
that I've received over the last few weeks. Anybody else have that
feeling? Since I don't have a personal accountant (wish, wish, wish...),
I'd like to solicit suggestions from the members of this list on the
topic of "How to keep it simple." I'm most concerned with
record-keeping, ease of tax filing, and just keeping a good perspective
on the investments I have--but others may have another angle or two to
add to that. Tho it's too late for this year, this is seems to me like a
good time to think on this.

To start such a list I'll suggest two things:
1) Use only one brokerage/fund company  (I now have three)
2) Invest for the long term.  (or some variation on this, i.e:)
        --Don't trade in and out of things.
        --Make your choices carefully so you won't be tempted to trade
in and out of things.
        --Buy, and don't ever sell....

Any other ideas?

Thanks,

J. Dennis




- -

Next Article (by Date): lesson learned SMabel555@aol.com
Previous Article (by Date): Stock Question David Cay Johnston
Articles sorted by: [Date] [Author] [Subject]

Go to Jeff Salisbury LWGate Home Page.