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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (12863)	3/28/2000 9:51:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Kirk: Re: Joe "Damn the torpedoes and NASDAQ 5000 ahead!" No, it is 6,000. It will be 7,000 at 6,000. Re: "Kirk - 80% - seems hard to fight the trend that stocks go up and have done so for over 200 years." Too bad there are periods in history that can last a lifetime where stocks have done nothing. But so long as you live to be 200, you will do fine. Seriously, your approach is fine if it works for you. It has merit if you live at the right time. And this may be one of them. Re: "JustaWorkingBear - 0% in stocks but loving those muni's! Joins the ranks of the VERY rich who say "fergetabout da market, 3% on muni's will still buy a Lear Jet each year plus caviar to fill the mini fridge!" LOL. Hey, the bear market might not come. Fine with me. I don't have to care. That is why you won't find me hanging around the bear threads talking the market down 24/7. A simple assessment of the risks vs. rewards takes all the emotion out of it. I won't tell you about the municipal bond deal I got today. It would bore you to tears. It is a closed end fund that yields over 7% tax free. That is a tax equivalent yield of over 12%. And I guess the potential of a 20% plus capital return over and above my tax free yield is so old fashioned when triple digits are expected. And I guess I won't tell you that my municipals alone are outperforming the S & P 500 YTD. On top of it all, my equity gains YTD are in my pocket and not floating around with the margin money. I love powerful up days in the market. You will always find someone who wants out of his municipals that day. I am happy to take them as he chases the equity market higher and higher. I am sure your investment decision is right for you. I think it is just fine. I decided to share my approach here for all to consider. It might not work for you or it might work only to a degree. If your post was aimed to make fun of my thinking, then try posting something constructive next time. Why I might have even bought some tech. today to trade. Could it be that the Naz has an 82.4% probability of rising on March 31st based on history? Could it be that all the portfolio managers will come running back to tech. to paint the tape at the end of the month and hold for another taste through earnings? And I might buy some more tech. tomorrow. That is the advantage of having some real money in my pocket.