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

To: craig poppe who wrote (61)	5/26/1998 11:59:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 100

Nah, don't expect it, but I'm gonna try! Remember--I started the year with 15k, and am now at 70k in my brokerage IRA, so I'm at the peak of my optimism, wait til I get stopped out of a couple losers and watch my time horizon get stretched from five to twenty-five years, but doesn't hurt to dream! Actually, I have to say, the sorts of gains we have seen, in the market in general, and certainly that I have got by trading are really exceptional. I suppose if my balance starts trending down, I'd be inclined to increase my percentage in cash-- right now I'm 2/3rds stocks in my IRA and about about a quarter in stocks overall (401k is all cash!!!) What I am hoping to do if we see a nice crack in the market is load up on some of the things on my shopping list--I have my eye on a few biotechs and a couple CEF's that are trading at a large discount.