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To: chic_hearne who wrote (36679)	11/13/2000 1:05:52 AM
From: GraceZ	Respond to of 436258

Getting out of the way of a major correction isn't trading, its money management. I like cash, cash doesn't have a great return but you get a return of your money. I think only you can answer whether or not you are trading too much. Little Old Ladies aren't just women. Its brokerize for the naive B&H investor. My father-in-law is the perfect example. He bought AT&T sixty years ago because some young broker told him everyone should have a little T and held onto it, with all its attendant spinoffs. I said to him just recently that he must be pretty unhappy with his T. He said, "Yeah, its down a lot....but that means I'll get more shares when they give me my dividend." I laughed pretty hard at that one. Meanwhile the guy has bought and held just about all the big companies over the last sixty years. He never had much to invest, but he's 93 years old so he's been socking it away for forever. That little portfolio has paid for every single grandchild to go to college and supported him and my mother-in-law in a nice long retirement. Every once in a while one of his sons will try to get him interested in buying this or that latest hot stock or selling this or that because its not so hot....but he just hangs in there with things he knows and only sells stock when he's got to pay for another wedding or something. The guy is the living embodiment that dumb, persistent and lucky wins out over smart in the long run. Hopefully we all have as long a run as he's had. -g-