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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (16105)	9/30/1998 5:04:00 PM
From: Judy	Read Replies (2) of 42787

Dennis, we did not cash out of the mutual funds in the IRA accounts since I did not time the top of this market. Given the market is now in a consolidation phase for what I believe to be the next leg of a longer-term bull market, I see little reason to cash out in the midst ... having already missed the top. However, I did redirect new retirement monies to be place in specific sector funds, sectors that have been beaten to a pulp and that hopefully will perform like champions five years down the line. For instance... as in the Fidelity Select Energy Services fund that I put us into at the beginning of this year. In fact, the last time my husband looked at the mutual fund report, he asked if I knew the fund was down 40 percent year to date. I said, "Yes, sweetheart ... that is precisely why I have us in the fund ... it's called dollar cost averaging. The more smashed the sector gets the better I like it!" This is probably not the optimal way to manage retirement monies, but it provides a healthy return for minimal efforts over the long-term.

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