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Strategies & Market Trends : Point and Figure Charting
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To: chartseer who wrote (5909)9/27/1998 10:35:00 AM
From: Al Serrao  Read Replies (2) of 34810
 
chartseer, you're right a good chartist should be able to run circles around most mutual fund managers. But once I read Tom's book, I realized factually what I already knew. Since about 80% of the risk in the market is market and sector risk; then why do do you need an additional 20% risk when you buy an individual stock when a good sector fund is available? If you ask yourself this question on every stock purchase, you will begin to limit your purchases to only those exceptional companies you want to own. In other words there has to be some over riding and compelling reason to take on an additional 20% risk. Over time this method will leave you holding those exceptional stocks that will make up your core portifilo. After all these are businesses we want to own. In the meantime, mutual funds limit your risk, give you immediate diversification, improve your timing, and provide the kinds of screens only a seasoned money manager can bring.
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