To Ann & All
I hope you had great Friday and enjoyed the rebound! Most my stocks
did well with the exception of a few!!!!!
I think there is a time where we have to re-think our investment
strategy! There is no reason to be ashamed for such change, it is
the sign of inteligence to change direction when the road we are on leads
to nowhere!
With all due respect for our friend Frank, I think the name of the
thread; Intel Strategy for Achieving Wealth, can be confusing to
some of the thread subscribers! gg It can send the wrong message!
I think there are other stocks and companies with which one can achieve
great wealth! Take SGP, KO, Cat, Pfe, Mrk, Pg, Cl, Ba, the list is
endless!!
All these companies over the long span of time have created wealth!
Yet, we are stuck with INTC, MSFT, Csco, etc!!! Lets look at INTC!
There are some of us on this thread that are long term investors! We
are lucky enough not to need the money, so we buy and hold! So, far it
has paid of, but...
1. There are investors who can't buy and hod forever! There long term
means 2 years, while mine or Frank ort Sonny could means 10, 15 or 20!!
Therefore the "long term" is relative!
2. There are investors that buy to make a quick buck, by selling in 24 hours
or three months!
I think most investors fall in the above two catagory! These investors
are in troulbe! INTC is where it was last year! Maybe it will double
before the end of the 1998 (I wish it, but I will not bet on it!!) or
maybe it will stay where it is now! The jump, whenever it comes, maybe too late
for some people!
So, pls. do not think INTC, or high tech is the ONLY way to achieving
wealth! There are great stocks, all blue chips, in consumer sector
that may not make you wealthy, but will certainly make your
retirment comforatble. Such stocks reduces the risk of seeing your
investments get cut by half every three months when
Kurlak and other members of his herd downgrade INTC,
Few days ago when Dell was going-up everybody was jumping on Dell's bandwaggon
hopeing to make a quick kill!
By the way the above stocks were mentioned in one of my posts in Dec.
of 1997 as great performers for 1998! Check and see how they have
out performed out hi.techs! They will continue to run through the 1998
and 1999, as the grouth for now is slowing down!
Good luck,
Yaacov |
