Sun Tzu,
You take into consideration factors which are beyond me at this point in my level of investment maturity. I don't see the clear correlation between Mutual Funds, individuals and a correction of more than 20%. If the money supply is diversified over the general population I find this to be more comforting than in the hands of a few portfolio managers at Vanguard.
There are the few stocks that everyone likes to carry but a portion of most portfolios also carry the dogs like, hmm, TDFX which is a place where institutions just don't go. TDFX had 1,000,000 shares traded today. 4X their average.
Your ratio of advances to declines is supossed to illustrate that while the indices are climbing, the underlying stocks are suffering because the indices are carried by a few big names? The big get bigger while the small get smaller?
Speaking of Mutual Funds that don't beat the S&P, try these on: WWWFX, WWIFX.
As always, this thread is educational.
I'm still carrying CMGI, DELL, TDFX, ATHM, INSP, CSCO, EGRP and WAVX. Pretty much in that order of investment dollars. I also saw the report from the analyst this week that put CMGI's stock price at $50, but I don't agree with his evaluation. I am considering moving up my limit orders this weekend. ;-)
Later this month I will have held DELL for more than 12 months. I'm considering selling it after I get the capital gains tax break and looking at diversifying the funds that were tied up there. Any suggestions on this line of thinking?
Regards,
Stuart |
