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Technology Stocks : Dell Technologies Inc.
DELL 127.61+0.8%Dec 23 3:59 PM EST

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To: Paul Merriwether who wrote (21659)11/16/1997 6:35:00 PM
From: Chuzzlewit  Read Replies (1) of 176387
 
Paul, you are certainly correct in noting that as a person gets older he should seek out less risky investments, but that is quite a bit different from your original contention that one should not invest in risky investments in a retirement account. All equities are inherently risky, but proper diversification eliminates or mitigates business risk leaving only market risk. For younger people, or people with a substantial net worth it may be entirely appropriate to invest in high beta issues.

You cannot hedge investment accounts (IRA's and Keough's etc.) because they are cash accounts (i.e., no margin allowed which precludes short-selling -- although you can sell covered calls and buy covered puts).

Finally, the comments about my portfolio were not intended as proof of anything -- merely an illustration of what I do.

Paul
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