Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

3:59 PM EST

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To: uu who wrote (23034)	11/12/1997 7:51:00 PM
From: sea_biscuit	Read Replies (3) of 61433

RE: I can almost guarantee you that I am at least still 30-40% ahead of you - even after the 30-35% decline of my portfolio for the past 3-4 weeks (my wife and I have 85% of our assets in our stock portfolio which is 100% high techs). I would feel very uncomfortable being 100% in high-techs. Remember Templeton's Maxim #8 : "Popularity is temporary. When a sector goes out of fashion, it stays out for many years." Unfortunately, nobody rings a bell when a sector goes out of fashion, and so, there is no way of saying when it will happen! About 14% of the S&P 500 is accounted for by hi-tech companies. So, in a truly diversified portfolio, one out of 7 stocks in the portfolio should be hi-tech (assuming one owns equal-dollar amounts of each stock). Even if I am madly in love with tech stocks, I would limit myself to twice their representation in the S&P 500, i.e. 28%, or 2 out of 7 stocks in the portfolio. Dipy.

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