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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Don England who wrote (894)	3/3/2001 1:51:21 PM
From: Telemarker	Read Replies (1) \| Respond to of 23153

Hi Don. No problems here, I made a living entertaining a rather large group of IRS agents for quite some time so my skin is rather thick <g>. I do believe that the economy will continue on the growth path soon, and that this "recession" may not be too bad or that it will be fairly short. However, I don't think that this will save what's ailing tech. Too much capital flowed into that sector of the economy too quickly. In addition, being that these types of assets and technologies were new, the managers understandably had and will have a difficult time grasping the big picture of their markets, IMO. I think that SOEDs post #893 was simply excellent, and discusses some of these concepts better than I ever could. On the one hand, I'm influenced by Harry Dent's writings which are predominantly bullish. On the other hand, I'm influenced by shock and dismay over the imbalances and strains on our economy that have built up over the past few years (the "bubble"), and the possible unsurfaced sickness that may exist in our banking system. Dent is not a financial guy, I don't think, but rather a demographer type. If you haven't read Dent's work, I strongly recommend it. <<i would love a peek at your holdings>> Well, since you asked...<g> I'm more that happy to share, FWIW. I haven't posted much over the past year or so as I don't see much purpose of spending time hammering out messages if there's no interest. I don't presume any interest out there in what I'm doing and sure don't get any warm fuzzies from hearing myself talk. Since I presently hold between 80-90 issues, I'll give you the overall allocations first. Bear in mind that I hold a good size portfolio of mineral royalty interests in OK's Anadarko Basin and my residence, so that the following portfolio represents less than 60% of my assets: Energy E&Ps 23% (mostly small and microcap, natgas oriented) Int'l Equities 25% (some of this are quite conservative, and much are closed-ended country funds) Midstream Energy MLPs 13% REITs 13% RICs 4% Metals Mining 12% Crazy plays 2% Cash 8% Steady growth and income that I refer to are the MLPs, REITs and RICs (although growth had admittedly taken somewhat of a pause lately - I should qualify "steady" as being in relation to so much of the other "growth" out there <g>). These are wonderfully tax efficient vehicles (greatly helps with the income part), and I've previously posted with jim_p on this thread about some of them. With very little encouragement, I may offer my "divedends manifesto" <G>. But beware, I fashion myself as a businessman first, value trader second. So, if your interesting in my holdings in any or all of these areas, I'll be happy to give you a list - just ask. For those now rolling their eyes, I offer that I give this detail not only to overrespond to Don's post, but to give an idea to the reader's where my interests currently are, FWIW. I like hearing everyone's views, and appreciate that it takes some time and effort to offer them in this type of forum. Regards, TM