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Technology Stocks : C-Cube
CUBE 37.40+1.1%Nov 4 3:59 PM EST
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To: Scotsman who wrote (27455)1/3/1998 3:04:00 PM
From: Ian@SI  Read Replies (1) of 50808
 
**OT** To Scotsman and Paul A,

First, Scotsman: Thanks for your reply, I better understand the concerns that you have.

Some comments.

1. Re analysts and KO: These are the same guys who get beat year in and year out by both the Dow and the S&P 500. Relying on analysts is usually dangerous to one's wealth.

2. Re money fleeing funds/market when people retire. First demographics in North America are in the market's favour for at least another decade - front edge of boomers turn 65 about 15 years from now.

Second, those who live to 65 will probably not die before their mid-80s. They'll have another 20 years or so on average to provide an acceptable life style for themselves/spouses, etc. I wouldn't expect them to remove all their money from the market on their 65th birthday, if ever.

3. I suspect most people who are invested in funds have very little education related to the markets. Their involvement is mostly checking fund prices from time to time (quarterly statement or occasional newspaper listing). If the market rises or falls, they're much less likely to change their strategy than many SI posters - some of whom seem to change their strategy between frequent posts.

4. There are pros and cons to buying the index vs actively managed funds. Among the PROs of buying AMEX:SPY for example is that one pays less taxes (churn rate is near zero) and gets better performance than 90% of active fund managers (last 3 years, about 80% last 3 decades).

For those people who have a life other than the market, getting a market return consistently is probably as good a strategy as most; and a much better strategy than having none at all.

Ian.
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