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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 164.21-0.5%12:30 PM EST

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To: Skeeter Bug who wrote (66277)2/8/2000 12:40:00 PM
From: Wyätt Gwyön  Read Replies (3) of 152472
 
Skeeter, how would you ever get your hands on $100 billion to "invest" if all you ever do is buy bonds? Starting with a modest 4- or 5-figure portfolio--as most people do--you would continue to have a modest 4- or 5-figure portfolio for the forseeable future. Factor in inflation and taxes, and your rate of return is probably 1-2%. You know, there are a lot of Japanese people who like that return--they have entrusted more than $12 trillion to their POST OFFICE for a 1% return. Last I checked, they weren't making a lot of money off investments, though. You like to make these hypothetical arguments about "what if" you had $100BB, but in reality, people have what they have, and that is what they must invest. You think that 6.5%, before taxes and inflation, is what you want, fine. But why do you come to the QCOM board to talk about it? Certainly not because QCOM is the only stock with a high PE. Do you have something personal against QCOM? That is a possible conclusion; otherwise you would seek out a stock with a much higher PEG ratio (not hard to find) to post your bond argument. Problems keeping up with the Jqnses?
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