Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (46448)	1/9/2001 12:23:44 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

That is a valid opinion but it is not one I support.

To: bambs who wrote (46448)	1/9/2001 12:41:43 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

That's not a bad assessment, if the markets continue to sink. I have a cousin who did just that. He'd lost 60% of his portfolio, so he sold the whole damn thing and now he's in cash. I think that was crazy, but he says he sleeps better at night now. This coming from an MBA. Another friend of mine had margined a shitload and lost 75% of his portfolio. That was his entire nestegg. He's been called on his margin and he's had to borrow from family to see if he can hold on to what he has left. I on the other hand am down 33% in my brokerage account if I exclude my Cisco unrealized gains (which are embarrassingly substantial). However, my brokerage account is only 5% of my total cash and investments. Believe it or not, I'm still up quite a bit in all my other investments. The reason being that I've invested primarily in mutual funds steadily for 12 years now, so my cost basis is extremely low. Bottomline is that I haven't sold anything, because I can afford to wait. In addition, I am continuing my monthly wires to my good old mutual funds, so when this market turns around, whether it's 1 year or 2 years from now, I will have dollar cost averaged myself yet again, into a very good position. Such are the restful nights and unexciting days of a long term buy and holder.