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Pastimes : John Dessauer's Investors World

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To: lknapp who wrote (1661)	10/9/1998 9:45:00 AM
From: Pete Bilden	Read Replies (1) of 2346

Contrary to what JD proclaims, DO NOT stay fully invested. Whenever this market bottoms, put your capital reserves into effect (if you've got any). I've kept about 20% of my portfolio in cash, even during the best days of this bull market. Why? Because the good times can't last forever, and when the market comes crashing down like it has, I'm poised to bottom fish for some great names at very depressed prices. Besides selling crack, look into real estate. I've been picking up VA or HUD repos, fixing them up for a few grand, and then selling for a nice profit - usually around 75%. Takes some time and elbow grease, but it's a nice hedge against a crazy stock market.

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