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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (4632)	1/5/2001 8:21:31 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

Thanks Bill --I'm holding solid companies Msft,Intc, Orcl,Yhoo,gspn,Arba,Jdsu,Wcom,Sunw Etc. I bought Near there Lows I don't know what else to do? Will it turn around? i have no idea. I just listen to some young guy on CnBC saying Yhoo is a terrible company no advertising market to target anymore because of no real shoppers.

To: Bill Harmond who wrote (4632)	1/5/2001 10:19:39 PM
From: Libbyt	Read Replies (3) \| Respond to of 57684

Investing - Buy and Hold... During these very volatile times in the market, I have been re-thinking your Buy and Hold strategy for stocks. I know that this position, especially on SI is almost a "novel idea"....and quite a few people feel that trading in and out of stocks, and going long or short stocks is the only path to success. I recently had to get something out of my safe deposit box. In looking for a certain item, I found some shares of a stock I own, that I had totally forgotten I owned. (Unfortunately...they weren't EMC shares!) This is a stock in a company that has since changed names, and it doesn't pay a dividend... I had to research the stock to find it's new name, and the share value. Four years ago, all of the stock I owned was in stock certificates in a safe deposit box. I would imagine that very few people who post on SI have stock certificates in their possession. (There probably are some who have never seen a stock certificate!) I never traded any stock...and probably only once a year would I even review what I owned. Times have changed! Now we have the Internet and instant access to our stock portfolio net worth at a specific moment during every trading day. In one trading day we can feel rich...then poor...then rich again. We can go back and forth feeling either "very clever", or "very stupid " for making such a poor decision. We can spend hours debating with others about what we did say, or should have said, or search for past messages to support our point of view. However...those who buy and hold the right companies, and check back on those shares at some point in the future, IMO most likely will do very well. I see owning stock in a specific company an investment, just like one might invest in real estate. Location, location, location....buy the "right location", and the investment will take care of itself. Next year when we look back on this market, probably most of us will be sorry that we didn't buy the well known technology stocks...put them in a safe deposit box and spend our time enjoying life instead of tracking our daily/hourly portfolio valuations. One of my favorite quotes from Life's Little Instruction Book..."Judge your success by the degree that you're enjoying peace, health and love." I think this is a great way to judge success...and hopefully our momentary portfolio net worth won't be the area where we judge our success or our self worth. Have a great weekend!