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To: Proud_Infidel who wrote (98343)	2/6/2000 11:32:00 AM
From: Tony Viola	Respond to of 186894

Brian, all tech except 401K. Tech is where they're all recommending to be, and I don't think it's time to be contrary. Tony

To: Proud_Infidel who wrote (98343)	2/6/2000 4:20:00 PM
From: nihil	Respond to of 186894

I think you are absolutely correct in concentrating in tech stocks and not diversifying. Tech stocks are related to increasing productivity and demand and decreasing cost and price. Computers, chips, and communications have simply got to grow at rates higher than GDP and other industries. As the fed leans on the growing market, all stocks will be restrained, so non-techs may actually decrease while tech values will grow a little less than they otherwise would have grown. No one looking back 1, 3, 10 years can find anything they should have been in better than the major techstocks. As long as one concentrates on the major techs and nibbles at the select new techs as they appear, an all-tech strategy has got to dominate a diversified strategy. Notice in the quarrel between the index and managed funds, no one bothers to mention how the index compare to the tech funds. I'm quite happy with my Fidelity Select Computers and Select Electronics, although my own picks have outperformed them both, as I am sure yours have too.