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Strategies & Market Trends : Rande Is . . . HOME

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To: Paullie who wrote (39864)10/29/2000 10:26:26 AM
From: DlphcOracl  Read Replies (2) of 57584
 
Paullie: Comments on your post.

I, too, have that queasy feeling in my stomach after having seen substantial losses in my portfolio last week -- JDSU was my largest individual holding. However, being by the computer would not have mitigated these losses; after Nortel announced its earnings, all of these stocks opened the following morning 20-30% down from where they closed. Many mutual funds were also killed with some of the best (Kopp, Kevin Landis' Firsthand Tech Value Fund, etc.) down 10% for the week. My point: if one invests in stocks there are going to be periods where it is disheartening and frightening, regardless.

I agree with your conclusion that it is now necessary to diversify more fully into non-tech funds. I do not think many of them will outperform the standard indices over the next 12 months. The most important aspect of your post is:
if one's investments are keeping one up at night and interfering with one's overall sense of well-being and enjoyment of life, it is time to either change one's method of investment or simply get out of the stock market. No amount of money is worth sacrificing one's peace of mind.
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