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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (44449)	8/15/2001 10:47:14 AM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear L and all: I have been basically fully invested beginning in the early 70's. The $$$ get bigger but the percentage of net worth in equities is about the same. I have ridden these bulls and bears till my butt got sore. But, I have never tried to market time. If there were no capital gains taxes I suppose I might have been more active in trading but for me its always been an issue of having to pay Uncle Sam a big percentage and THEN HOPING market would drop enough to at least break even on the deal. This time of course it did, but many times just the opposite has happened. My feeling is that over a lifetime you just ride the market, try and stick to quality stocks and hope that the economy improves over a generation. Seems to me that works. Many studies have shown that Dollar Cost Averaging into the market over many years is almost a sureproof way to building wealth. The problem erupts as you grow older, retire and are no longer able to continue to $cost average into the market. That is where I am now. Luckily, I still have a number of years left I HOPE to live and sooner or later I really think it will snap back. JDN