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Politics : Idea Of The Day

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To: Bruce Tiemann who wrote (12857)	10/27/1997 9:36:00 PM
From: raymond marcotte	of 50167

nobody should be staking their retirement on THIS market. the collapse is a short lived phenomenon. don't sell! risk is not for the faint hearted, but one must live through a few of these to understand that. @ 62 i have seen my share hardest lesson to learn about the stock market is to sit on one's hands when everyone looks like they are in the pit of the futures exchange. invest for the long run and only flush out a stock when management turns sour. vigalence is rewarded. i never leave that up to investment managers. read the quarterly reports, annual reports, and discount almost all of the remaing news. always keep a little nest-egg for opportunities like this dip and don't try to pick the exact bottom. with experience and patience you will develop the instincts for when to buy. be satisfied with being right 3-4 out of every 5 times. most of asset allocation is pure bs! as soon as i hear gold i bristle. never touched it, never missed it, and never smoked it.

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