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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: H Peterson who wrote (24907)	5/18/2000 12:16:00 PM
From: StockHawk	Read Replies (2) of 54805

>>I dropped out of my company's 401K ...I still invest the same percentage although I realize it is not pre-tax dollars but I think I can do better in G&K stocks over the long haul compared to what they were invested in. Every two weeks or so I just buy another share of Qualcom. Commissions are killing me by buying one share at a time, (E*Trade @ $19.95... A couple of thoughts, they may not fully apply to you, but might be helpful if others in similar positions are considering similar moves. First you really should move to Sharebuilder as Kumar suggested. With QCOM at $100 per share you are paying a 20% commission. Also, most 401K plans provide a company match, often dollar for dollar or at least 50 cents on the dollar. That can make a very big difference, even if their investments are poor. If you put $100 pre tax dollars in you start off with $150 or $200. If you instead receive after tax dollars you may get $75 or $80 after taxes depending on your fed/state brackets. Take out the commissions you are paying and you have perhaps $60 to invest out of that $100. It will take a good bit of performance before that $60 catches up to $150 or $200. StockHawk.

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