Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 18.65

+6.1%

12:09 PM EST

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To: Mark Brophy who wrote (3692)	9/16/1998 2:50:00 PM
From: Jimbo Cobb	Read Replies (1) of 5944

I'm not disagreeing with most of your points, but do you truly believe that dollar-cost-averaging through weekly payroll deduction into the S&P 500 Index over a 30-year period in a 401-k is gambling ?? I firmly believe that is INVESTING... 30 years should be enough for the market to determine if NSCP is worth its current market cap....If NSCP is worth zero 30 years from now, there will likely be some other company that has sprung up and generating lots of wealth for its shareholders that will more than take its place... Yes, over time, smaller stocks might outperform the S&P 500 Index, but there is much less risk in buying DCA'ing the S&P 500 Index, and I'm talking about INVESTING NOT GAMBLING, remember. You seem to be more interested in doubling your money in a short period of time...that would fall into the GAMBLING category...maybe you are calling it all gambling because that is what you are using it for.

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