IBthinkin - I agree. I haven't held CSCO since 93. But I have started an investment program in this year, and, in contrast to mistakes I made in previous years, I am just buying and holding high quality stocks that I am picking mainly from the Money 30 Index (www.money.com/money30) and the Wired 40 Index (stocks.wired.com). As I say, I am buying and holding them. These stocks, so far, include: MSFT, CSCO, HD, ATI, DELL, LU, AOL, YHOO, QWST, and a few more. Those that I listed are up significantly since I bought this year, and I intend to hold them for 5-10 years (against some student loans... I am a grad student) probably longer. Even after 6 months, the power of compounding is impressing me. And, to be honest, I can't call when these things are going to move. Sure, I have made some good calls about buying the right stocks off these indexes, but they move for a whole variety of reasons. And I look back, and say, damn, I could have bought MSFT calls in January, and again in June, or something similar for CSCO in May/ June, but I am NOT able to see the future.
As for CSCO, this company is brining in so much money on a regular basis it is incredible. And they are selling most of their stuff over their web site. And they are not going to stop building the 'Net anytime soon; we are just scratching the surface. I live and work in Silicon Valley, and we are only at the beginning. I am in for the long haul with CSCO, and I am confident that when I check back on this stock, it will have appreciated, and appreciated, and appreciated.
Go CSCO! |
