<OT>Thanks, Jill. For all the noise of daytrading, it is enough to look at one thing: the very post that started this thread... a post by Al Bearse, on May 13, 1996:
<<After a great day today, I was wondering if anyone could offer an opinion on where Microsoft will be in the next few weeks. I originally purchased msft @$60.00 a share and I am considering selling. Any news or opinions would be greatly appreciated.>>
LOL! MSFT was at $118 that day, and he bought it at 60. If he sold, he'd have almost doubled his money. However, do you realize, that split adjusted, the price of MSFT on May 13, 1996 was about $14!!!!!!! So he bought it for $7, split adjusted, and wanted to sell for $14+. Today, it is at $92. In any case, after May 13, 1996, MSFT climbed and there weren't many chances to get back in at $14 or less. I never did find out what Al Bearse did, but I sure hope for his sake that he held on!
That's all he had to do, to show a return of some 650% in 3 years: Buy and Hold. No taxes. No headaches. No frenetic daytrading.
Good luck!
Morgan
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