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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Whitman who wrote (150599)	2/11/2002 12:20:56 PM
From: reaper	Read Replies (2) of 436258

<<They're declaring buy and hold dead all over. Just saw this article today- biz.yahoo.com; Terry, did you actually READ that article (or just the headline). What the article actually SAID was that you can't just BUY, but you have to SELL too. Its basically a bunch of guys that run money making an excuse for why their turn-over is so high. Some choice quotes: <<``You want to be in stocks,'' said Daniel Bandi, money manager with the Armada Small-cap value fund. ``But when you own individual companies, you want to be vigilant as things change.''>> <<The numbers tell the story: The average turnover within a mutual fund is now 114 percent a year, according to Chicago-based MorningStar, which monitors and rates fund performance, meaning that the fund effectively changes all the shares in a portfolio every 12 months or so. MAINSTREAM GETTING SMART Individual investors are also pushing the ``sell'' button more often. Most hold stocks for less than a year these days, down from an average of eight years in 1960, according to a recent study by Boston-based consulting firm Bain & Co.>> Reaper edit -- its good to know that churning my portfolio is smart. <<Money managers say with more free information available today via the Internet than investors could buy 10 years ago, the trick is to scramble quickly at the first hint of trouble.>> <<``It pays to stay on top of breaking news and dump stocks accordingly,'' said Darryl Mikami, a money manager with PM Putnam Investments.>> So basically this article is telling me (i) I have to be in stocks; and (ii) I should churn the hell out of my account. What information content in this article leads you to believe that it is a signal of a market BOTTOM? Cheers

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