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Technology Stocks : Intel Corporation (INTC)
INTC 41.66+2.8%2:46 PM EST

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To: Jim McMannis who wrote (173253)3/5/2003 4:44:33 AM
From: Tenchusatsu  Read Replies (1) of 186894
 
Jim, <Irrationalities like..."buy and hold" and watching 80% of your retirement evaporate? ... "Buy and hold" is the biggest lie yet laid on the "investing" public buy anyone from financial advisors, brokers to mutual fund companies.>

Actually, Jim, I think you missed what the real lie is.

No one who holds stock really has any wealth until he or she realizes the gains by selling. Aside from that, the wealth is all theoretical, i.e. "paper wealth."

So what you said above, "watching 80% of your retirement evaporate," is kind of a lie itself because it assumes that the wealth was already realized to begin with.

Anyway, if you're sick and tired of these "lies," I suggest putting all your wealth into gold and burying it in some cave. Or read the Parable of the Talents in the New Testament.

Tenchusatsu
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