Comments on: Book Review: Rule #1 by Phil Town

By: Still Learning

Still Learning — Thu, 11 Feb 2010 06:45:39 +0000

Very interesting

By: TFB

TFB — Wed, 10 Feb 2010 22:35:30 +0000

My investment in PCRDX is up 50.5% since 12/5/2008.

By: popo.jay

popo.jay — Wed, 10 Feb 2010 20:31:58 +0000

Just jumping in to see if anyone is willing to update their positions…

By: Brian

Brian — Mon, 18 Jan 2010 18:13:35 +0000

Interested to see how the battle between you and nomad works out. I notice nothing from the two of you for the past 5 months. Did both investments buy the farm? I’d think the way market has run since then (+ approx 800) that general float would have benefited both of you…

By: junebug

junebug — Mon, 11 Jan 2010 06:27:52 +0000

your a rule #1 hater.. stop bragging about your investment and admit that mr towns methods work

Junebug aka rex in effects aka mr crash bandit

By: TFB

TFB — Thu, 06 Aug 2009 02:38:43 +0000

Hi nomad – Thank you for stopping by again. The fund I mentioned in comment #20 is up 43.0% since I bought it on 12/5/2008.

By: nomad

nomad — Wed, 05 Aug 2009 23:21:40 +0000

I’m up 28.6 % right now. As I mentioned earlier, I have two IRA’s and an individual account that I work. I just cashed out the individual account and bought a boat. Therefore, my future numbers will reflect the two IRA gain/loss numbers. However, the 28.6 figure factors in the individual account at the time of withdrawal.

By: DaleK

DaleK — Wed, 22 Jul 2009 23:34:43 +0000

Just comment spamming so that I receive follow-up comment notifications. I’m curious to see how nomad does!

I’ll probably pick up the book and try the paper thing first. Still kinda antsy given I lost all I had in 2000 because I was stupid enough to buy on a “tip”. So, I’ll be playing with paper money this time around for a while.

One of the reasons I lost money was simply because I didn’t have enough confidence in my knowledge and abilities. I was pretty green. Had I done more reading I might have listened to what my gut, and probably iirc what the technicals were telling me at the time – which was, “Are you insane? Don’t buy that!”

In general – regarding investing or anything in life – I prefer to listen to many different perspectives, use what works for me, and leave the rest.

By: TravelingHeelFan

TravelingHeelFan — Thu, 28 May 2009 18:24:59 +0000

TFB- – Great blog. It’s always good to see someone else’s point of view. As for Rule #1 investing, it has worked great for me. Since 2006, I’m up 20% per year on a compounded bases. I picked up the book back in early 2006 at an airport and read it over a long international flight to Europe. It was the first book that made sense to me on evaluating companies. The hardest part of the process was finding companies that fit the Rule #1 profile. As for the technicals that the book describes getting in and out of stocks, that may cost you commissions and taxes but I’d rather pay that “insurance” as Phil calls it rather than see stock go from 50 to 100 to 2. Don’t think that can happen, look at GM. If buy and hold works for you, fine, but it didn’t for me. I lost too much money from 2000 to 2002. Buy and hold went out the window for me back then. All I know is if I had bought and held the S&P dating back to early 2006 when I adopted Rule #1 investing I’d be down about 30% as of today. I like the returns Rule #1 investing has brought me so I think I’ll stick with that for now.

By: TFB

TFB — Fri, 08 May 2009 23:02:49 +0000

nomad – Thank you for remembering to stop by for an update. Is that +12.3% from your Oct. 30, 2008 entry point or from when you last wrote on Feb. 12? The fund I bought on Dec. 5, 2008 is up 26.8% since I bought it. I wrote about that purchase back in December. The symbol of the fund is PCRDX. With reinvested dividends and year-end distributions, my cost is $5.48 a share. The latest price is $6.95, up 26.8% in five months. I haven’t done anything to it since I bought it. You said I have a 6% advantage because of timing, but still … You see it’s possible to get a good return just because of luck.