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What you said makes a lot of sense. I too hate to loose money, especially when everyone else is rolling in it. The market sets new highs everyday and my stocks loose value slowly or quickly depending on the day. I thought I could pick some winners from Individual Investors Mag. I picked 10 of thier magic 25. Every one I picked is well down from where I bought. I also own INTC, of course I bought when it was nearly $70.00. Early last year I dropped quite a lot into the then number one mutual fund, the Seligmann Comm & Info fund. It had the record for 3, 5, and 10 year performance. Everything thing was fine until October, when R. Whittington and Fidelity got together and decided to put the shaft to the entire tech sector. At first I thought, if you can't beat the big guys, you have to join them. And you know you can't beat them. They have the power to manipulate the market or at least sectors of it. I thought, buy Fidelity funds and be done with it. However, that seems like giving in to the enemy. After what they did we must consider them the enemy. Telling us to buy particular stocks while they were dumping Billions of those same stocks. I don't mean to cry on your shoulder, but I don't feel very good about the way my investments have performed, but have no fear R Whittington nor Fidelity will gain any fame or fortune from yours truely. I'll sell out to an index funds first! If you are still reading, Thanks! |
