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Strategies & Market Trends : Value Investing
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To: Joseph G. who wrote (4889)8/31/1998 12:25:00 AM
From: James Clarke  Read Replies (2) of 78507
 
I like it. This is the mistake I made buying Asia in March. I figured, its already down 60%. But markets that go down 60% often go down 80%, which this puppy did. That means a 50% loss for me. And if it goes down 80%, why can't it go down, say 85%? Which would mean another 25% loss if I bought more now. I am holding on to what I have, but I am not averaging down any further. (I dollar cost averaged the first 20% loss - no mas, no mas) I originally planned to average down as long as it took, but that was when I thought I had the bottom. Yeah, I get scared too. But I promised my wife (who is Japanese) that this Asia fund was a 10 year investment (she told me Japan is a basket case, so stay away, but I gave her a lecture on contrarian investing and now we've lost half our investment in four months). A lesson of investing - always listen to your wife when she knows more about what your are investing in than you do.

Jim
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