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To: Savant who wrote (282)6/27/1998 10:25:00 AM
From: The Osprey  Read Replies (1) | Respond to of 4201
 
Savant,
Excellent.An old,now since departed friend used to say "the secret to success is to slave to accumulate money and then invest and make it become a slave to you".And I also agree, a person shouldn't doddle with their money laying idle.Another friend of mine says to always be 70% invested as a minimum and no more than 90%.Keep the other 10% available to average up on a strong run. But, I don't always listen and here I am 100% invested until Wednesday when I have access to some more funds which in all liklihood I will use to buy more of something I have Done my DD on. One tries to listen but everyone is different.

OSPREY



To: Savant who wrote (282)6/27/1998 10:55:00 AM
From: Apex  Read Replies (1) | Respond to of 4201
 
Savant:

Good morning...late night (early morning)...is Osprey making coffees for us? I really need one.

"Also keeping that much cash around with many quality companies or funds around is wasting money and barely keeping up with inflation...."

IMHO I think that folks can be intimidated by the markets and the financial pages. First of all...everyone knows about stocks, but you'd be surprised how many now squat about the workings of the market. You can show the folks how to read the stock symbols, but what is it worth to them if they do not have a purpose for them. Many folks have to be taken by the hand through the stock maze until they learn and see what its all about (not all by at least 5%). So, one wonders how rumors start and how people get burned.

"...Some cash is always good, for emergencies or pull backs, but keep that money working. Just my opinion of course."

What about for firesales and the days when the markets are sleeping...your stocks down with all the rest, but no cash to pick up more knowing that it is a few day dip. :-(

Apex