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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: darbyc who wrote (44215)7/14/2001 1:03:04 PM
From: OZ  Read Replies (2) of 54805
 
Hello there,

This is the first time in years that I have posted to an investor or on an investing board. Your post just kind of prompted me to do so and to say what I do tell friends that try to get into the market as a hobby. First let me say that I am a full time trader and short term investor/trader for some of my accounts (401k). I think that if you really do not want to put in the time to monitor all of those companies but do want to be invested, then you should transfer that money to high quality Technology Mutual fund instead of an Index Fund. Let someone else do the homework for you and still be invested in technology (which seems to be the flavor you and others around here prefer). This would be more like keeping the ones you have than doing a more diversified index fun, but IMO a far better option for you. The interesting thing is that people seem to be implying that if you had already learned more (like they have) that this would have been prevented when the reality is that everyone that utilized buy and hold investment principals got hosed that started investing a couple of years ago regardless of what they know (on paper). I mean just look at the portfolios on this thread's header. That is why I quit being a sitting duck years ago. But I think those that do have or have retained that seemingly blind and longer term way of looking at things can be rewarded by picking things up now when it does not "feel so good." One of the few tenets that some investors share with some traders is the "Contrarian" way of thinking and it is no coincidence.

Oz
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