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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (79050)	4/4/2000 9:26:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

bgr, we all s/b able to agree that one can't gauge intelligence (even just financial) based on one's investment style. lots of dumber than door nail folks manage their own accounts (more true today than ever before - and MANY are VERY RICH right now!) and lots of very smart folks make the best decision for them by indexing. many folks do a little of each. different styles... not good or bad... just different. my belief is that indexing is great for joe six pack (avg) when valuations are historical low. i think that when valuations are in record territory, one ought to seriously consider whether stocks are appropriate at all. that's why i'm mostly cash for the first time in 3 years. a couple runs on a couple stocks and i'll be 100% cash. current buyers (index or otherwise) are welcome to the 2% avg returns for 20 years (comparable valuations, apples to apples). i see some value, but individual stock performance is highly tied to market performance and the market is down right silly. the best case scenario is to buy undervalued companies in undervalued markets. we will see that scenario again.