What is your average time horizon for holding your investments?
It keeps getting shorter and shorter! I have held Cisco, Msft, Aol, and Dell on and off for 5 years. I keep switching around among them, like a shopper at a clothing store, trying on different arrangements. I intend to be in softy and Cisco forever, but will move in and out of them when I see an advantage to one over the other. The main thing is: I stay out of small caps! Every time I tried a small cap tech, I got in trouble. I got out without really being burned, but I learned to stay with what I know. I have ATHM's cable connection, but its a small cap.
I just did business with a guy who makes his living trading the Index. He knows it, and does well with it. I figure that if I get to know the Gorillas and Kings well, trade in and out, and maybe do some options, as others on this board do, I can do a lot better than being all over the place.
I talk to a lot of people on this board who keep jumping in and out of new IPO's and small caps, trying to "quick buck" a company they don't really know, by following the "heat", but that's not for me.
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