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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: Yaacov who wrote (10374)	11/11/1997 7:27:00 PM
From: TonyE	Read Replies (2) of 77400

Yaacov said: I have been accumulating Csco for years and I am sitting on a chunk of un-realized gain. Over years I've been wanting to take profit many times but when I consulted my wife she just asked one question: "Do You Need the Money?".... To which I reply... Yep, we too have a significant portion of our assets into Cisco and we thankfully don't need the money -which is why it's in the stock market BTW. Everytime I think of realizing the profits I remember the TAXES.... and you know what? I just pour myself a scotch and go on with my life as if I didn't own any of that stock. It's nice to see wealth building, but if you think of it in a short term view and trade all the time, the only winner is the IRS -if you call the right shots- and your broker -all the time. Besides, locking your money into T-bills exposes you to the vagracies of the bond markets and inflation since you have locked into a fixed yield.... nothing is guaranteed, eh? Tony

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