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To: Bruce Brown who wrote (20908)3/21/2000 10:50:00 AM
From: Bruce Brown  Respond to of 54805
 
RE: Investing Sanity...

Dodger,

Since my previous post didn't add any tidbits of sanity to your decision to sell those 500 shares of Cisco years ago, I thought I would share some facts that came in the mail today in the form of a T. Rowe Price advertisement for their Equity Income Fund. The cover says "Put today's stock market to work for you." Open up the brochure and it says "A stock fund to start with, a stock fund to stay with over the long term." Next page points out three highlights of the fund:

Invest for capital appreciation

Invest for dividend income

Invest for total return

Equity Income Fund from T. Rowe Price

$10K invested in that fund on December 31, 1989 was worth this much on December 31, 1999 - a full ten years later:

$37,525

I would imagine that you took the proceeds of the Cisco sale and were able to at least have a return that falls somewhere between the T. Rowe Price fund's return and the $9.6 Million that Cisco has given. <vbg>

BB

(Who didn't draft a check and send off to T. Rowe Price...because I prefer to invest for capital appreciation and total return.)



To: Bruce Brown who wrote (20908)3/21/2000 12:39:00 PM
From: the dodger  Respond to of 54805
 
***Considering you bought 500 shares at $20, does it really matter if today - split adjusted - the cost basis was .12 cents or .14 cents? <ggg>***

Since it doesn't matter, I'll PRETEND I bought at the later date, therefore my split adjusted cost would be .14 cents...don't think I could "continue on" knowing it would only be .12

Oh well, I occasionally dry my tears on my INTC stock I purchased in 1993. <G>

"the dodger"