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Pastimes : CNBC's Joe Kernen - What's with that haircut?

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To: Dulane U. Ponder who wrote (112)9/16/1997 1:16:00 AM
From: Grainne   of 169
 
Well, I'm glad you are a mellow guy, Dulane. Going out on margin is like putting a wonderful, expensive restaurant meal on your credit card--the experience is over and you're still paying for it. It is very frustrating to choose investments you think are wonderful and then losing your shirt on them. You THINK you are a whiz, and then you can end up broke. I have had very similar experiences myself, and hated margin mainly because once I learned what to really buy to make money, I had none left for new stocks because every cent had to go to pay down the margin. Now a year later, I am a very wise investor and almost everything is so expensive that I am chasing stocks, something I don't like to do.

One thing about the market is that if you are patient, you usually have a second chance to pick up bargains, especially in tech stocks because they are so volatile.

Wow, this isn't about Joe at all--I guess it is not necessary to apologize for being off subject if the subject is so off or something in the first place--but good luck in the market, Dulane!!
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