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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (5027)	1/28/2008 6:30:41 PM
From: Mike McFarland	Respond to of 20435

Another is that individuals can choose good stocks. Well, that might not be true--I'll bet most folks with brokerage accounts know they have no skill. But it is fun to try. I'll be shopping for a decent fund family in the years ahead. I have heard Oakmark and Janus, but haven't looked much yet. I'll be in cash for awhile anyway, I don't feel compelled to own stocks now. I wont let the Fed easing force me into it. Years ago I built up a grubstake with Fidelity mutual funds (and I underperformed the market). Then there was the bubble of 1999/00, what a treat. Since then, hard to get excited about stocks. Maybe if I were a trader I could scalp a little from volatility, but that never appealed much to me. Anyway, getting back to 'holding for the long term'. What about mutual funds in the 1980s? In biotech how about Gilead? And there was Microsoft. A few lucky folks held a stock and got rich, it happens. Holding for he long term works great if you have the right stock. Very few people will have the right stock, and if they do very few can hold on to it--it would be insane not to diversify a ten bagger before it becomes a hundred bagger.