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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (21233)	2/26/2000 2:37:00 PM
From: Tradelite	Respond to of 57584

Dlph....I understood your post perfectly, and did not mean to imply that YOU were bailing out of anything....was just commenting on the herd mentality of selling out when prices are low and missing out on potential big gains by trying to time the market. You simply raised a good point about what could happen market-wide as the frightened masses start cashing out. This might happen and will probably only hurt those who sell and who can't tolerate some volatility-- instead of taking a longer-term view of where the economy, specific stocks, and well-managed funds are headed. In fact, anyone who is a short-term investor probably shouldn't be in funds at all. Actually, my four mutual funds aren't looking too shabby in all this volatility. You'd have to use a crowbar to pry me out of them at this point, no matter how bad the market looks. We got our older son into an S&P index fund/Roth IRA last year when he had his first summer job....it ain't doing well this year, but he was only 19 years old at the time we set it up for him with our money....will be surprised if it doesn't pay off for him down the road. Next payment into the Roth will, of course, be in a tech fund in the same fund family, which we probably should have done in the beginning but were advised not to. Lesson here....be your own leader and follow your own advice, I guess. <ggg>