Hi all... I remember when I bought my first share 4 years ago. Yes, I was part of the "general" public that jumped on the stock trading band wagon. I lost my first portfolio in that fateful January after thinking I can predict the market and play warrants. I have changed my strategy just a little bit... My new trading strategy is ridiculously simple: (1) select arbitrary company that looks cool. (2) do homework on company, do I like their strategies, div yield, esp. forward predictions. (3) if company passes (2), buy, else go to (1). (end) So far, my portfolio is GREEN! (well, just a little bit...) The avid reader may notice no sell strategy. You're right, I don't sell. All the shares of really good companies seems to go up in the looo-og term, so much so that after a few years the dividends that they pay out exceeds the initial investment. I buy primarily for dividends, for a nice retirement in 30+ years. Now my question: In Simon's courses, back when the bull was at its peak, I remember him telling us about the bargains on the market with companies at 5%+ div. yield and no one buying... I don't want to sound funny... but isn't this EXACTLY what is happening right now? FSR for example... (nearly 6%), PPC (about 8%), SFN (about 9%)... the list goes on (forward PEs and DIV yields are even more). I don't know about what people are saying... but I really think it's time to buy for the long term. (sorry for the long post - no pun intended :-))