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Pastimes : Generation Xers--saving and investing strategy -- Ignore unavailable to you. Want to Upgrade?

To: Dom Sartorio who wrote (41)	12/22/1997 7:37:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 100

Yeah, I know I trade too much...but it is only 20% of my money I trade with. I feel very comfortable hoarding cash, even if everybody else says that a person as young as myself should mostly be in stocks. I figure that I can save now...a good habit to get in to...and probably between now and the time I'm fifty there will have been many opportunities to pick up stocks. Right now with PE's high, Price to Sales high, and dividends low, I cant get too excited about owning stocks. I would like to have been in the market these past ten years...but I didn't have much money when I was 25 anyway. It's the folks retiring now who made money on this last bull market. My thought on world deflation? Probably only temporary, I'd bet that a SE Asian recession only lasts a few years, if we even see one. A lot of commodity deflation right now, probably not a good time to open a futures account, but I still bought into a gold fund--who knows? Maybe I caught the bottom. Happy Holidays to you too!

To: Dom Sartorio who wrote (41)	7/11/1998 5:37:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 100

Geez Mike for a "saver and investor" you do an awful lot of trading! I am hoping to receive some comment from the following message I posted today on another thread: Message 5165945 To answer my own question, yes, it is indeed time to lighten up on the trading, and with eight stocks in my portfolio now-- and only two that I expect to be trading over the next months the writing is on the wall for that account. It reads: "Stop! You are now an investor in some stocks". For the two or three stocks that are more for trading, I'll stick to my mental stops etc, but the handful of biotechs are going to have to cook, maybe for (gasp) a few years (?!) It is time to put a little work into my wife's ira, now that mine is looking good to go. With some luck, who knows, maybe I can pull it off again. So from here on, any trades I post could be from either account, but are likely ideas I ran by my wife and did for her.