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Politics : Ask Michael Burke
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To: yard_man who wrote (21915)8/26/1997 4:19:00 PM
From: Knighty Tin   of 132070
 
Barry, 1. I bought my second third at 10 3/4. 2. I still like it. Buying distressed countries near the bottom can be nerve-racking makes lots of sense in a diversified portfolio. But you don't buy just one and not all work out immediately. 3. I don't like the real estate much, but I kind of like the banks as they hold all the dollars they can sell if things get tough. 4. I won't sell until I've made 50 pct. or so. You have to decide your own cut loss level, but the fund is just not down that much for a first third, IMHO. I saw Jakarta, Indonesia, China, and Japan down much more before their rebounds. FPF's moves have pretty much been in a standard range. 5. I pay no attention to historical discounts for a fund that has been in business less than 10 years. These funds tend to have large discounts at the highs and low discounts/premiums at the bottom, both of which mute both potential and risk. MB
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