November 14, 2005

James O. Rohrbach

"I know there is an urge to anticipate a Signal and act before the actual Signal occurs. I also know that anticipating can be costly and in the whole scheme of things, one day does not matter. An example just occurred with the NYSE Buy Signal. It was issued on 11-7-05 after the close, so the first time we could buy in was 11-8-05. In this instance the market dropped slightly on 11-8-05 making prices slightly lower than they were the day before. So it worked out to our advantage. Try not to get too excited about jumping the gun. In the long run it doesn't pay. You have to become a relaxed investor and just become automatic about getting in and getting out of the stock market. Easier said than done, but you will reach the final stage of investment maturity when you strip your emotions out of your decision process. I don't even give it a second thought. When I get a buy signal, I buy and when I get a sell signal, I sell. That's what I mean when I say Keep It Simple. Emotions are what makes investing difficult for most people."