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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (57828)	2/21/2002 3:53:58 PM
From: RetiredNow	Read Replies (5) \| Respond to of 77400

Nice chart. "The next 20 years will be like the last"? What does that mean? I guess it could mean that we'll have another bubble in 20 years, but I doubt it. The thing is we're all focused on Cisco here, but I'm having trouble finding any company out there that isn't under the gun. Even good companies with no problems whatsoever are trading downwards. This is turning out to be a confidence crisis, which can be as bad as real problems. As far as holding long, yes I will. Where else would I put my money? Under the mattress? Recently I've beefed up my holdings of hybrid/blend funds, which offers some protection, but you won't see my going into money market funds or gold anytime soon. I prefer to minimize risk through diversification. Although, Bambs is right at this moment, he won't always be. You guys remind me of my brother. He has made a killing in bonds over the last two years and he's laughing all the way to the bank. The thing that is easy to forget is that since he held bonds all the way through the bubble years too, he didn't participate in any of those gains. In fact, he didn't make much money at all. So the best solution is to be diversified across asset categories and industries. Anyone who points to one industry and says see how great they are doing and thinks that is evidence of their own intelligence... well, you're just fooling yourself, because you can't be right all of the time and when you're wrong it can wipe out those lucky gains of the days when you were right. So I'll maintain that long term diversified holdings are the way to go. Yes, I'll keep holding long.