America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: robert duke who wrote (6953)	3/18/1999 9:21:00 AM
From: MaryinRed	Read Replies (1) of 41369

Try to put the maximum amount you can each year into your Roth. ($2000 for most people) each. Consider more than one stock to reduce your risk (example: Pick 3 stocks: AOL CMGI MSFT). Put them in an online account (low price per trade) where you can monitor them daily...wee the pattern...watch the highs, lows...earning dates splits...see how the stock reacts.... then once you see the pattern....if it starts to dip (pick a % down), then sell...then buy back at a lower price when it starts back up again....reinvesting that same amount of money in the stock. don't splinter out into low quality stocks...stay the plan...... Since you have it in a Roth...you have no tax consequences for "trading"..but you want to be able to rebuy the stock each time...for less than paid for it. ..don't kick yourself and try to pick the very top and the very bottom....settle for small gains in holdings! If you fail at this....then just HOLD.... it takes some talent and luck...to do this...and stay the plan!! good luck to you.....smile...Mary

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