Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: llwk7051@aol.com who wrote (59912)	1/6/2000 4:31:00 AM
From: jjkirk	Read Replies (1) of 152472

llwk7051 <Who's behind the tech sell-off? I think it is partially portfolio balancing.> A relatively new law called the Prudent Investor Act requires trustees and other fiduciaries of private accounts to use "market portfolio techniques" to minimize risk...also assures mediocrity, or worse! If the re-balancing is not followed a la "a prudent investor", trustees are personally liable for losses incurred when things go south. Institutions are aware of this, of course. I do not remember if it applies to related parties serving without compensation in a non-professional status or not. The law was apparently written as cover for mismanagement on the part of institutions...IMHO jj

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