    Well that wasn’t pretty… what I call the Ouch! â â â â以及这是不是漂亮的… …什么我称之为乌！ factor.的因素。 But you knew it was coming, right? Sooner or later all markets correct. How much and for how long is the eternal question. Today the Dow was down over 400 intraday and ending up minus 300 points. I see the Dow’s 50 day moving average at about 13,585 and the 200 day moving average at about 12,700. My gut tells me we’ll be heavily testing the 200 day moving average over the next six months, and back again with a lot of volatility. A lot depends on housing and credit issues, consumer spending and what the Fed does. But keep the faith! “Slow and steady wins the race… “ So the saying goes, but it doesn’t make it any more pleasant to see your stocks and funds go negative over the short term. The way I look at it however, I’m not saving and investing for the short term. I don’t trade stocks for a living, or even for fun anymore. I trade, rather I invest, for long-term gains… retirement… someday “in the future”.  On rare occasions I will make short-term trades, but those are the exception, reserved for the times I think I’ve made a mistake or need the money for something else. I will also execute trades to lock in long-term gains, especially if the greater fundamentals of a company or the market warrants it.  Yet that is a judgement call that can be prone to excessive costs, and losing out on returns and positive moves within stocks and sectors. Â但你知道这是未来的，对不对？ â迟早的事，所有市场correct.â多少和多久，是永恒的question.â今日道琼工业指数下跌超过400日内结束了零下300 points.â我看到道琼工业指数' sâ五十○天移动平均数计算，约13585和200天移动平均线约12700.â我的肠告诉我， we'llâ大量测试200天移动平均线在未来六个月，并再次回到了很多的波动。 â了很多，取决于住房和信用问题，消费开支和什么美联储does.â但保留的信仰！ â “缓慢和稳定赢得比赛… … ” â ，所以俗语说，但这并不使任何更舒适看到您的股票和资金转到负的短期term.â方式，我看着它，但我不是储蓄与投资在短期term.â i don'tâ交易股票为生活，或什至为有趣了。 â i贸易，而不是iâ投资， â为长期收益的退休… … â总有一天， “未来” 。 â â在罕见的情况下i willâ makeâ短期行业， â ，但thoseâ是例外，预留作时代我觉得我已经犯了一个错误， orâ需要钱的东西else.â ，我也会执行行业锁定在长期收益，特别是如果更大的基本面的一间公司或市场的认股权证it.â â然而，这是一个判决要求，可以容易过多的费用，并失去对回报率和积极行动，与股票和sectors.â â
    My primary goal is to look for values… track a few companies I would like to own over time, and when the opportunity presents itself, invest in those companies for the long term. How long? At least 3-5 years or more.  Sooo… what companies? I have no frigin’ idea! Well, I do, but when the market moves this fast, it makes you wonder… is the time right?  Should I buy it now? Umm… uh, ahem… well maybe I’ll wait a few days and see where the market ends up. But I’ve always liked McDonalds ( MCD ). Good growth, a decent dividend (paid annually, not quarterly like many dividend payers), and decent forward valuation at about 16 times earnings right now, with a trailing P/E of 29. Maybe this is the time… maybe not. Does it matter, as long as I’m going to hold it a few years or more? Probably not. Still, I think I’ll wait a few days and see where the market heads. Lots of questions, lots of doubts, and room to find conviction in between. But that’s what investing is all about. â â â â我的首要目标是寻找价值观…轨道几家公司，我想自己随着时间的推移，当有机会介绍自己，投资在这些公司长期term.â多久？ â在leastâ 3 -五年或more.â â sooo … …什么公司？ â我没有frigin '的想法！ â那么，我这样做，但是，当市场movesâ这个快速发展，它使你不知道… …是时间，对不对？ â â我应该购买它现在呢？ â乌姆…嗯， ahem … ，以及也许我会等待几个daysâ ，看看那里的市场两端up.â ，但我总是喜欢麦当劳（器MCD ） 。 â良好的增长势头，像样的红利（每年支付利息，而不是像许多按季缴纳的股息） ，和体面着估价约16倍，收益的权利，现在，随着一个尾随普/ E号29.â也许这是时间…也许not.â是否事，只要我去持有它几年或更多？ â可能not.â仍然，我想我会等到几天，看看那里的市场heads.â很多问题，很多的疑问，和室找到的信念， between.â但是那有什么投资是所有about.â
Full Disclosure:Â No Ownership of MCD at time of writing. 充分披露： â没有所有权器MCD在时间写作。
4 comments - Post a comment 4评论 -张贴评论
« Real Estate Market Challenges Continue | One Word for Today… » « 房地产市场的挑战，继续 | 一个字为今日… »
- Getting Defensive 越来越防御
- A Lovely Day for a Rally 一个可爱的一天集会
- What Kind of Investor Are You Anyway? 什么样的投资者，你呢？
- Ready to Pay More Taxes for Capital Gains? 愿意多付税，资本增值税？
- Does the Stock Market Cup Runneth Over? 请问股市杯runneth呢？
![[最近期行情从www.kitco.com ]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
The conventional rule is that you’re not supposed to be emotionally attached to your investments.传统的规则是，您不应该在感情上重视您的投资。 I hate that.我恨这一点。 It seems to me one ought to invest in companies you feel great about, because of what they’re contributing to the world.在我看来，一应投资于公司，你觉得伟大，因为他们是怎么作出贡献给世界。
I very much appreciate your comment.我很欣赏你的评论。 That’sa great point- yet isn’t it a balance, even a challenge, over the long term, for how we apply our values to our lives? that'sa大点，但不是一个平衡，甚至是一个挑战，长远来说，我们如何适用于我们的价值观对我们的生活？ If I were totally comitted to my environmental goals, I may not be owning/using this computer, powered by electricity generated by a coal plant in my state.如果我是完全致力于我国的环境目标，我未必拥有/使用这台电脑上，由电力所产生的煤电厂在我的国家。 One day I’ll use solar or wind, as it becomes more cost effective and I can afford it.一天，我会使用太阳能或风能，因为它成为更具成本效益，我可以负担得起。 Heck, some of the alternative energy companies have proven to be amazing investments over the past few years… But I see it as a balance between what I can do right now, and how we evolve over time.赫克，部分的替代能源公司已被证明是惊人的投资在过去几年… …但我认为这两者之间取得平衡有什么我可以做的权利，现在，以及我们如何随着时间的推移而。 I am not by any means strictly focused on socially responsible investing per se- but I do want to feel great about the companies I invest in. Although I don’t own MCD, I love taking my six year old there once a month or so… his eyes light up, it’s an adventure… a shared time.我不以任何手段，严格的重点是社会责任投资的百分之硒但我想觉得伟大的有关企业I投资英寸，虽然我不自己的器MCD ，我爱我以六年的旧有每月一次或使…他的眼睛发亮，这是一个冒险…一个共享的时间。 We talk about what’s healthy to eat, and what’s not… how choices have to be made in our lives… why we grow a garden at home (his eyes light up when picking tomatoes and cucumbers too), and why we recycle.我们谈论什么的健康吃，什么的不…如何选择，都必须取得在我们的生活…为什么我们的成长，花园在家里（他的眼睛轻时，采摘西红柿和黄瓜太） ，以及为什么我们回收。 I think we can achieve many goals along the way, not the least of which is education.我觉得我们可以实现许多目标在前进的道路上，并非最不重要的就是教育。 No matter how hard I try, at the most basic level I’m emotionally attached to my investments because of how hard I’ve worked to save and invest in them over the long-term.不管如何努力，我尝试，在最基本的层面，我在感情上重视我的投资，因为如何努力，我已经努力储蓄和投资在他们的长远。 With success over time, I hope to keep focusing on what I can contribute to the world.与成功，随着时间的推移，我希望继续着眼于什么，我可以贡献给世界。 In many ways, those small successes have led to other goals like charitable gift funds I can use to foster personal goals for giving back.在许多方面，这些小成就，已导致其他目标一样，慈善资金的礼物，我可以使用，以促进个人目标，为回馈。 In other ways, helping people learn to manage money achieves financial literacy goals I think are essential for society, especially helping others move out of poverty.在其他方法，帮助人们学习如何管理金钱，达到金融扫盲目标，我认为是必不可少的社会，特别是帮助别人摆脱贫困。 I do believe we can align our values with our choices in the market, as we do with other aspects of our lives.我相信我们可以统一我们的价值观与我们的选择在市场上，正如我们与其他方面的我们的生活。 And I think society is getting there, conventional rules or not.我认为社会是越来越有，传统的规则或没有。 Thanks for your words… you’ve prompted me to think more deeply about other aspects of investing, as well as writing.感谢您的话… …你已经促使我认为更深刻的其他方面的投资，以及书面答复。
Tell me what MCD is?告诉我什么器MCD是什么？
I agree that we all do what we can.我同意我们都竭尽所能。 ANd careful consuming is just as important as investing.而谨慎的消费是一样重要的投资。
My dream is to over time invest a higher percentage of our money in companies and funds in alignment with my values, but so far we’re just at about 3%.我的梦想是随着时间的推移，投资的比例较高是我们的钱在公司和基金在配合我的价值观，但到目前为止，我们只是在3 ％左右。 Most is invested in funds about which I know very little, sad to say.最重要的是投资在资金约我知道很少，伤心地说。 Tracking that all would be a full time job by itself.跟踪所有将是一个全职的工作本身。
I’m sorry… MCD is McDonalds Corp. Some consider them to be corporate demons, paying lip-service to sustainability initiatives.我很抱歉…器MCD是麦当劳公司，有些人认为他们被公司恶魔，口惠而实不至服务可持续性倡议。 I think they do more, and are a pretty good company overall.我觉得他们做更多的工作，是一个不错的公司整体。 We’re in a similar situation… seems like almost a full-time job as it is!我们正处在类似的情况…好像几乎全部兼职工作，因为它是！