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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Amir Shalit who wrote (69782)	10/29/1999 5:06:00 PM
From: Alohal	Read Replies (3) \| Respond to of 132070

So if you had gone long the Dow index you would have seen a 77% return since then. If you had held your fear less closely and gone long the Naz index your return since April 97 (2.5 years) would be 247% as of today. Now if you had really had vision and gone long the top dozen or so large cap tech stocks, your return would be somewhere in the neighborhood of 500-600% to date. Hmmmm. New pair of dimes?? Cheers Alohal

To: Amir Shalit who wrote (69782)	10/29/1999 8:41:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Amir, I like that strategy except that it doesn't fit my circumstances. I own several stocks in which I have enormous capital gains due to their excellent performance and the length of time I have held them. I am comfortable with their prices and their ability to ultimately survive anything that hits them, so I really don't want to sell. I also don't want to sell because I'd have to send 1/3 to various levels of government. However, they represent such an enormous percentage of my net worth, I am uncomfortable holding that much in equities given my view that it is also highly likely that the US is in a dangerous credit and asset bubble whose bursting and implications no one can time or measure with any degree of certainty. That has caused me to develop hedging strategies that require a lot of time and energy and so far have cost me money. It's an emotional drain that I am tiring of. Wayne