Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Joshua Corbin who wrote (730)	11/17/2000 1:10:56 PM
From: tradermike_1999	Read Replies (4) of 74559

Eighty percent of all mutual funds don't beat the market. Sixty percent of all investment clubs don't beat the market. Fifty-four percent of individual investors don't beat the market. What makes you think you can? Yeah, because I have. Also when I started out I lost a lot of money and had to come back from that - so I know what it takes to lose money and why most people lose their ass. I started with 10k a few years and now am up in the high 100s. I hope you paid off your student loans, my friend. I mean that with all sincerity. Done. Thanks for your worrying. For what its worth I've been 90% in cash since middle of August. I'm fine unless the money market goes belly up. So whats your take on the market? Lets talk about the subject of this thread instead of trying to dig up my entire background. SI is wierd place sometimes. Do you think we are near a bottom? Should we be buying?

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