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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (18936)	2/10/2001 4:18:29 PM
From: DOUG H	Read Replies (1) \| Respond to of 19374

In any event I have my money for the land which I'm not risking and some money in Fidelity mmf earning 6.1% which I'm not risking. THAT"S A HOMERUN!!!!!!!!!!! I really applaud that move and I think everyone on this board does as well.

To: freeus who wrote (18936)	2/10/2001 11:56:16 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 19374

freeus, I'd have to agree with Doug: << I really applaud that move and I think everyone on this board does as well. >> I hope you don't mind me butting in, but IMHO, you'd be well-advised to develop a very well diversified portfolio base consisting of cash/cash equivalents, real assets (real estate, etc.), and very well diversified stock and bond mutual funds with an eye towards value funds (not high volatility tech funds; something more like funds-of-funds, perhaps). This would form a base, a solid foundation for capital preservation and long-term growth. Then, with just a relatively small portion of your overall portfolio, say about 25% or so, use that to trade with; any time that kitty gets to be greater than 30% or so of your overall portfolio, transfer the excess funds into your base---then go have some more fun trading. I think you'd have much more fun, and sleep very well at night. It is important to realize that the amount you trade with is not nearly as important as your success and confidence in trading---and how much fun you are having. Kinda like having your cake and eating it too, maybe..... But, JMVHO............ WS