60 Short Months - Where Will You Be?
SAN DIEGO, April 2 /PRNewswire/ -- So you are feeling a little bit of pain, in fact a lot if you have been in the market during
the last 12 months. The question now is where will you continue to invest and how will you take advantage of this opportunity
when hundreds of stocks are hitting 52 week lows? Have we hit bottom yet? Will you capitulate and sell your shares of Nokia
(NYSE: NOK - news), QUALCOMM and Sprint PCS?
There are some important moves that will help you ride out the current economic conditions we are facing if you are willing to
be a long-term investor. The first is to make rational, unemotional decisions, and stick with the companies that have great
products and management teams. If you believe that companies like QUALCOMM and Nokia will continue to be global
leaders of the wireless revolution, remember there is no better way to invest over the long-term that to dollar cost average into
leading companies.
Despite the current adjustment in the telecom industry and the economy overall, several companies have already given a
preview of the programs they plan to implement this year. Verizon Wireless recently announced a $5 billion contract with
Lucent Technologies for software, switching centers, base stations, and other equipment for its third-generation, or ``3G,''
network, which the company says it will roll out later this year. Verizon's announcement comes just weeks after Sprint PCS
announced that it too would unveil a 3G network by later this year. Third-generation networks are expected to provide much
faster rates of wireless data transmission, enabling greater downloads of information from the Internet, including sound and
video files. In addition, both Sprint and Verizon's networks use the CDMA wireless transmission protocol developed by
QUALCOMM (Nasdaq: QCOM - news) or 3G CDMA2000 technology. The two companies are certainly moving faster
than some of their competitors, and are introducing their rudimentary 3G networks earlier than most observers expected.
Now ask yourself, where will you be invested 60 short months from now? Will you seize the opportunities given to you by the
economic factors that we are facing today? Will you look back 60 short months from now and say, ``What was I thinking when
I sold my equity portfolio?'' Obviously, I do not know where or when the market will hit the ``bottom.'' The bottom could be
today, 3 months from now or 18 months out. What I do know is that history has shown long-term investors in leading
companies prosper. I also know that wireless technologies will continue to play a major role in global economic growth.
Jeffrey R. Provence
Wireless Fund (Nasdaq: WIREX - news)
More information on the wireless revolution can be found at wireless-fund.com
Wireless Fund is available from many of the major mutual fund supermarkets, including Charles Schwab, Morgan Stanley Dean
Witter Online, Fidelity, TD Waterhouse, DLJ Direct, E*TRADE, Ameritrade, Accutrade, Amerivest, American Express and
many other brokerage firms through FundServe. Shares of Wireless Fund may also be purchase directly from Wireless Fund
by visiting the web site at wireless-fund.com and printing out the online application.
For more information, please call 1-800-590-0898.
Please read the prospectus carefully before you invest or send money. Past performance is no guarantee or indication of future
results.
SOURCE: Wireless Fund |
