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To: re3 who wrote (105431)6/25/2000 2:00:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
it was started for a giggle. so far he is ahead by a mile

Ike,

It is rather a bizzarre situation in my opinion. William is not the typical investor. He is far from risk adverse and particularly for a man is age. Also, people's proper allocations in the market should very with their age, income needs, etc. Your portfolio is far more conservative but likely will assure one they will not lose their capital. It has some growth and some "income." William's is based on the assumption some of the firms may go completely to 0 but others may be a 10 bagger.

My point is I do not believe even three years is long enough. I would go with Williams group on a three year basis but I surely would not have that mix when I am retired.

If the economy does go into a recession, I believe you will suppass William's portfolio by a long shot but if the economy stays stron, William will win. None of us today can say what the economy will be like in two years. Those that are retired and plan on never going back to work, better take your approach<G> Those that want a lot more growth in the market but are not afraid of some losses for years, should go with William's. Of course, there is always an inbetween too:-)



To: re3 who wrote (105431)6/25/2000 2:03:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>its a 3 year contest.
Ike, 3 years??? The condo I'm building on Mercury will be on fire by then.



To: re3 who wrote (105431)6/25/2000 3:05:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>so far he is ahead by a mile
If you had started it 9 weeks earlier, you'd still be digging Billy out of a hole.
Dblk was in the 60's then, Glenn and I sold Qxlc in the 100's. A couple of days later I believe Billy bought it at 56 thinking it was going to have the success he enjoyed with eBay.
Ike, its all about timing, always will be. I remember losing $125,000 in one day. The 18th largest bank in the USA went busto, due to reckless loans made to wild-cat drillers. I had 5000 shares at an average cost of 25. That's why I hate Texas.
A couple of years later I received a check from the bankruptcy court for $1.49.