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Strategies & Market Trends : The New Economy and its Winners

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To: Libbyt who wrote (4646)	1/6/2001 2:10:47 AM
From: Randy Ellingson	Read Replies (1) of 57684

With some stocks I am a long term investor...and I really do have the stock certificates in a safe deposit box. None of my business really, but that seems to be a very long term approach. I.e., it just seems a little inconvenient if you do decide to sell. Or do you appreciate that it helps deter you from impulse sells? I've never had a safe deposit box :-( so I don't know the psychology of that either... I consider myself a long term investor only. Ideally when I buy shares, I'll end up owning them as long as possible. OTOH, I give myself the responsibility of changing my mind on a stock, and of course I have. After four years of investing in stocks (and still owning shares in some of the companies I bought "early" on), I can imagine scenarios in which I'd decide fairly quickly to sell any of my stocks. Things like fraudulent management actions, or news of significant accounting discrepancies. That said, I do have shares in DRIPs, so to sell those would be at least as inconvenient, and likely slower. I'm planning to move those to a brokerage soon however. Best regards, Randy

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