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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Paul Moerman who wrote (5049)	8/14/2000 7:07:24 PM
From: Ron McKinnon	Respond to of 11568

PAUL + all thank you very much for the updates

To: Paul Moerman who wrote (5049)	8/14/2000 8:04:23 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 11568

"Today I moved all of my 401(k) plan investments to cash, as a defensive move probably through the first half of October unless we get an obvious buying opportunity sooner." Interesting. Retirement plans are very long-term vehicles and most investment professionals advise not to time the market, but instead be diversified and stay with a game plan. Of course you need to be more conservative the closer you are to you retirement age. You mention keeping a cash position unless we get an obvious buying op. Does that mean the bigger the correction the quicker you would move into stocks again? Suppose the market stays in a narrow range with no big up or down move? What then? Why would you not do the same with your "non" retirement investments? Elaborate please. Thanks Kelvin