SOUTH AFRICAN MINING Message Board

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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: sea_urchin who wrote (247)	9/23/1998 3:29:00 PM
From: baystock	Read Replies (1) of 472

Searle, That was a very well written post on why one should be cautious about RANGY. You are obviously an experienced investor. I think both you and Polar Bear make valid points, and IMO whether RANGY is suitable or not for one's portfolio boils down to what one's investment objectives are. Risky stocks like RANGY as a group should be less than 35% portfolio and no one stock should be more than 10-15% (ideally 5%) of the portfolio. I think gold and gold shares provide an insurance value against the sort of financial turmoil we are seeing now and should be no more than 10-20% of one's portfolio. Currently my portfolio consists of 80% cash, 8% RANGY and 6% Rostelcom(ROS). My Rostelcom use to be 15% of my portfolio and has taken a real bath. I personally feel we have entered a 1-2 year period of very negative financial times, which won't end until the year 2000 computer problem is behind us. If the gold price takes of to $400+, RANGY will do EXTREMELY well. If not it may still do okay, but it doesn't matter. I will still have my job and my cash and ROS won't go bankrupt and will hopefully recover back to its old highs.

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