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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Paul V. who wrote (48879)7/9/2001 8:13:10 AM
From: michael97123  Read Replies (2) | Respond to of 70976
 
Headline in the NY Times 401(K) Accounts Are Losing Money For The First Time

Or should we say 201K
It is interesting that almost all advisors and gurus are urging investors to get out of bad performing funds over since the March 2000 highs. One of the oldest and most successful fund investment schemes is dollar cost averaging. Folks forget that they have purchased many of their shares of poorly performing funds at these low prices of the past months. If folks start selling their aggressive funds now they will pay the big price when the markets recover. Does anyone look beyond a year anymore? Maybe its time to listen to Battapaglia again?
Seriously what would be this threads advice for someone lets say with a five year horizon? Should they be worried now? If they are in good stocks/funds would you have them sell? John Connally calmed me down a bit over the weekend. He makes a whole world of sense in his posts. mike



To: Paul V. who wrote (48879)7/9/2001 11:10:08 AM
From: Cary Salsberg  Read Replies (3) | Respond to of 70976
 
Do you really think MSFT's bloatware is going to drive a recovery? I have read that what is missing is a killer app, an application that will put technology capacity to use and drive requirements for additional capacity. I have a hypothesis that says that MSFT's monopoly in software and their vicious competitive practices have STIFLED innovation in software and are responsible for the lack any killer app.