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To: LLCF who wrote (4434)6/8/2001 5:45:02 AM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
<At what interest rate would you say shares are better than earning interest? >
<I don't think there is a fixed rate... who is to know?? It could depend on a miriad of things, >

True, true! It does indeed depend on a myriad of things. But pleading that it's all too hard isn't the answer. An investor's job is to listen to the music of the markets and KNOW when it's better to earn interest rather than own the stockmarket.

Anyone who takes a position in cash or stocks is claiming to know, whether they admit it or not or understand that they are making that choice. If they are tone deaf, not even listening to the music, they are not likely to do more than earn the long-run average stockmarket return or suffer the ignominy of buying Green$pan's T-bonds and seeing inflation leave a pittance over 20 years [especially compared with stocks].

I say the music says, "Own [selected] USA technology stocks and stand by to borrow some money if the bass section starts up and C-flat notes start coming through in volume".

Mqurice