Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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3:59 PM EST

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To: Ann Janssen who wrote (13061)	11/11/1997 1:17:00 PM
From: TechnoWiz	Read Replies (1) of 27012

Hello Ann, there is no doubt about that buying stocks and holding them over the long term is a proven and rewarding strategy, but the difference as to how rewarding that strategy will be depends largely upon which stocks are chosen and at what stage in their lifecyle the investments are made. I think the idea of stock compounding or switching is very wise because even the Grand Master himself, Sir John Templeton agrees that it may be time to sell one stock when it becomes so extremely overvalued that it is irresistable to take some profits and invest those in other highly compelling undervalued situations. The real key is try and follow the smart money and rotate investments so that the investments are dynamic rather than static, ie. try to be exposed to industry groups that are in vogue and avoid industry groups that are out of favor. It is possible to do this quite effectively, Wall St pros make their living doing it and it helps to avoid being in the so called dead money issues that can be ignored by investors for years and can stagnate your performance if you are stuck in stocks that are not moving. The problem today is that this mantra about buy and hold is being rammed down our throats every day. This was not the case in Dec '94 when the sentiment was very negative and angels feared to tread in this game. 4000 Dowpoints later the market is on a double and stocks are being bought with gay abandon by many who feared to tread in those earlier times. So we have to be careful when Wall St is making it look too easy. Vigilance is your best defence! rgds Wiz

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