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To: kumar who wrote (43921)	6/25/2001 11:27:49 PM
From: kumar	Respond to of 54805

OT: I forgot to add : the only time I liquidated some of those stocks, was to put a down payment on my house. (part of the sleep well factor). cheers, kumar

To: kumar who wrote (43921)	6/26/2001 1:01:35 AM
From: Uncle Frank	Respond to of 54805

>> all I did was put a fixed $ amount in every quarter to buy. My returns are probably not the "best in the world", but they are significant enough for me to "feel good" (and sleep easy). I sure don't feel like a fool. All you did was practice the fine art of ltb&h in an excellent company, and enhance it by dollar cost averaging. It's a wonderfully effective strategy for those with foresight and patience. Imo that's far from foolish. uf

To: kumar who wrote (43921)	6/26/2001 2:37:41 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

I'm going to take a break from the market for a few days, gang. I have a golf match tomorrow, and then Nancy and I are leaving for Reno on Wednesday, returning late Friday. I couldn't pass up the $29/night special at the Hilton, though I was disappointed to learn that there will be an additional $3/night surcharge for energy costs. I offered to leave the lights off, but they wouldn't waive it :-(. We'll be sitting at the black jack table thinking positive vibes at you all. uf

To: kumar who wrote (43921)	6/26/2001 7:31:02 AM
From: Stock Farmer	Read Replies (1) \| Respond to of 54805

I still maintain that buying a slice at an arbitrary price is a fools game. Employee savings plans, often juiced by the injection of matching contributions in some degree are nice squirreling techniques... I have also played the fool this way. Nevertheless, this does not make you a fool nor me a fool. Just that we indulge in a host of activities, some more or less foolish. One might also say that constantly having cash on the sidelines is a fools game during a bull market. But putting $100 in your wallet doesn't make you a fool either. If you want to extrapolate linearly that only a fool will play fools games well then be my guest. Even smart people will do foolish things, just as fools will occasionally do smart things. John

To: kumar who wrote (43921)	6/26/2001 8:05:09 AM
From: Stock Farmer	Read Replies (1) \| Respond to of 54805

Kumar - I will however draw you a counter-strategy that is still advantageously long term, buy & hold - based on a fraction of regular cash flow. How about every so often taking out a mortgage that is within cash-flow carrying capability for the next 6-24 months and allocate this infusion of capital to a portfolio of equities. Each one carefully chosen from a list of "good companies". Then, week after week, contribute a fixed amount to paying off the mortgage. Theory: there are always some great bargains out there. This is identical in cash flow characteristics to an employee savings plan or a DCA approach. Where it differs is the selection of equities. The thought process isn't "This is a great company, I think I'll buy some, how much can I buy". It is "What is the best possible return I can attract today, and what is the best way to achieve it". When market conditions are terrible as they have been for the last 12 months, one can always build up more cash for later. John.