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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (3631)	12/2/1997 12:05:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 10921

David, 1. I'm not pooh-poohing Tech investors. After all, I "are" one. 2. Re 3 years inadequate to judge. Absolutely correct. However, it's better than 1,3 or 6 months which may be all that the new funds have. The Motley Fool hasn't been around for a decade or so. 3. Methodology / Costs not factored in: That description applies equally to funds. None of them include any individual's acquisition costs, tax consequences, etc. 4. 10 year holding period: Today, it's easy to say that holding AMAT, INTC and MSFT would have been wonderful investments 10 years ago. The key is to pick the stocks that will be judged as great holds 10 years from now. All I'm suggesting is that the risk adjusted rate of return may actually be better using a mechanical system such as Beating the Dow especially as modified by the Motley Fool. While they've only existed for 3-4 years, the approach has been backtested to 1961 and verified. Discarding a time tested approach to increasing wealth in favour of one based upon high hopes could be injurious to your wealth. ;-) best, Ian.