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To: Bill Harmond who wrote (91973)1/23/2000 11:37:00 PM
From: Randy Ellingson  Read Replies (1) | Respond to of 164684
 
I think their investors pay them to be smart with the money.

Since when is it smart to time the market? An investor's chances of beating the stock market drops once he/she drops below 100% invested. Certainly there are some who time and beat the market over a lifetime, but we don't hear about them much I guess. As always, I hope you are right (and I realize it doesn't matter much if you are not) -- I'm confident my long term holdings will do fine over that (long-term) timeframe.

Randy



To: Bill Harmond who wrote (91973)1/24/2000 1:54:00 AM
From: Skeeter Bug  Respond to of 164684
 
>>"My investors pay me to invest their money, not keep it in cash."<<

will, he/she's exactly right. he/she doesn't get paid if he puts his clients in cash and keeps them there. his paycheck is of the utmost importance, not investing.


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