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Technology Stocks : Semi Equipment Analysis

SOXX 309.36

+2.2%

Dec 3 4:00 PM EST

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To: Sam Citron who wrote (7367)	12/1/2002 10:31:58 AM
From: Cary Salsberg	Read Replies (1) of 95520

The other 80% is mostly in CDs with some money market accounts. I have not "deliberately" staggered the CD maturities. All are 5 year CDs. Most yield between 7 and 8% and are due in 2005. More recent yields have been 6% and 5.52% and they are due 2007. I have not had to worry about significant amounts to invest at low yields. My stock sales in 2000 went into CDs with an average yield of 7.7%. I expect that next time I have profits to take from the market, rates will be much higher. I retired at the beginning of 2001, so some of this is somewhat new. My portfolio value and its cost were about 48% and 55% higher at the recent bottom than they were at the bottom of 1998. My allocation to stocks has gone up in absolute terms and the percentage of liquid assets has gone from about 15% to the current 20%. These increases are not a function of my confidence level, but a function of my increasing wealth and the availability of more assets that are not required to support my lifestyle.

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