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To: artgal who wrote (29502)	2/10/1998 2:04:00 AM
From: Chuzzlewit	Respond to of 176387

Artgal, FWIW here's my advice. Buy and hold a portfolio of top quality companies like DELL, and then ignore the day to day prices. Look at it this way: you bought DELL at $93 in October. It's now four months later and DELL is about $107. Your gain was 13.08% in four months, or, if you annualize it, 44.61% per annum. Most investors would give their eye teeth for those kinds of gains! You lost money when you tried to time the market. Most serious statistical studies of market timing conclude that it can't be done profitably, so you probably have lots of company. The moral is to be patient. Sell only when the underlying reason you invested in the company is compromised (or you need the cash). Oh yes, do read Burton Malkiel's excellent book "A Random Walk Down Wall Street". Hope this helps, Regards, Paul Not only will this approach avoid paying taxes unnecessarily, it will give you peace of mind.