Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.11

-0.3%

3:59 PM EST

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To: larry who wrote (61220)	9/5/2002 2:38:02 PM
From: RetiredNow	Read Replies (3) of 77397

Wow, that's a real bear call. I hope you are wrong. But even if you are right about the magnitude of the dip ahead of us, I think buy and hold is exactly the type of investment strategy that pays huge markets in unpredictable environments like the current one. Because according to statistics, only less than 5% of market timers are successful over the long term. That means that trying to time the market bottom is a very difficult thing. I'd rather continue with my steady plan, which is allowing me to buy in at very low prices on average. When the economy recovers (and my horizon is around 10 years, so I have the time to wait), I'll be very well positioned to take advantage of the upswing in the market. Of course, each to his own.

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