Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: Frank Ellis Morris who wrote (19662)	6/1/1998 12:31:00 AM
From: Sonny McWilliams	Read Replies (1) of 27012

Frank. I was just talking to billwot about a buy and hold strategy. I could not get your link to the Wash.Post but since this is my daily newspaper, along with the WSJ, I will try to hunt for that article. I guess it was in todays paper? I had company all day and have not read all of it today. And I spent some time on here now. I used to think that buy and hold was the way to go but I am beginning to have my doubts. Yes, if you buy the right stock and you are not on margin you can sit those up and downs out. But do you know that everybody thinks Warren Buffett is a buy and hold guy? Well, he is not. We do know now that he also buys and sells and so do a lot of other good investors. As a matter of fact W.B. has switched around quite a bit. Bonds, Silver and diff. stocks. Yes, he holds a lot of basic stocks like the rest of us but does some switching here and there when he sees the need. Now I am not saying here that buy and hold investors should switch their strategy but I think that taking some profits here and there, when things get high, may now be a prudent thing to do. Yes, when you go over the period for this whole century you would be way ahead of every investment by having just kept stocks. But then there were periods of up to ten years where you did not make much and even lost. And over that period having taken some profits may have been more profitable. But anybody that has stayed in there with a buy and hold strategy should probably not change their strategy now unless retirement is around the corner. Money managers feel that this should be the time where you should diversify a bit if you are strictly in stocks. I am not taking this advice but I am now trading a bit more than I used to. This is a very volatile time and it looks like everything that goes up evtl. comes down some again. Why not take a bit off the table and then buy lower? But if you take profit and can't make up your mind when to go in again, you may as well stay put. Now this is partly my opinion and partly what I have listened to. So everybody take this with a grain of salt. I know everybody on here will anyhow. gg. And don't forget: The market is supposed to be around 14 to 15000 in the not so long distance. Let me know what you think. Sonny

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