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Strategies & Market Trends : HOW MUCH MONEY IS YOUR GOAL???

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To: Frank Ellis Morris who wrote (329)5/13/1997 9:38:00 AM
From: JT   of 470
 
Frank: That is my philosophy also. I want to share some thoughts. On the way back from New Mexico I was reading Smart Money and they had an article called " Wallflowers at the Orgy" It was about people who could not get into the market over the past few years and people who had gotten out over the past few years because of fear of a crash. They all regret their decisions because they are only making 5% in MM. Obviously, no one can tell which way the market is going to go and at times is prudent not to put more money but tring to jump out and back in is a mistake. The getting out is easy. It's getting back in that is the hard part. I have only been investing for 13 weeks but here is what I have experienced. I bought INTC,MSFT,KO,GE in early February. All were just about at 52 week highs. They all went down but now I have double digit gains on MSFT,KO and GE. I am sure that after INTC splits it will run up. If the economic data had been different over the past few weeks then my portofilio might still be in the red. The point is you don't know what will happen in the short term. If you invest in great companies theen you will make money in the long term. Even if you overpay you will make money, it will just take longer. I think that it is great that Dagg and Yaacov can make money by trading. That is not my style. Maybe in 10 years when when I have a lot of money I might take some out and do some trading. For now I will be patient. Good luck to all.

JT
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