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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (139905)	6/28/2010 10:13:21 PM
From: Katelew	Respond to of 541818

Yes, I think that's all one can do and it's a time honored way of suceeding in the market. My husband and I cut our teeth in the long sideways market of the period approx. 1974-1982. During that time the Dow made umpteen attempts to break the 1000 mark, only to fall back, as the country went through a period of stagflation, high interest rates, and a couple of mild recessions. Nevertheless, during that time wonderful small companies were born and thrived. Many started out as niche players and were unburdened by debt and the subsequent drag of the high interest rates on corporate borrowing. It was just a matter of identifying them. We accumulated a very nice portfolio during those years. Oddly, though, it worked somewhat to our disadvantage. We made the decision to maintain a somewhat equally weighted, diversified portfolio when we should have put everything in Wal-Mart. For some reason neither one of us knew that you could actually become filthy rich by just owning and holding onto one or two growth stocks. We had a second bite in, I think, 1981 when Microsoft went public. Bought it but didn't hold for the duration. :(