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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: fielding who wrote (1384)	7/12/1998 1:55:00 PM
From: DWB	Read Replies (2) \| Respond to of 2346

Fielding, I'd like some clarification if you don't mind... Which losers did JD fail to get us out of? He sold Singer, Monaco Finance, and Service Merchandise... were there others? Are you still holding CPPKY, and CSRE? If so, then all you currently have are paper losses. Would you have sold Bally back at $3 thinking the same thing? Can you define too many mistakes? See my previous post that links to his '97 record for specifics. How many vacation are enough/too much? Since you're nervous about GFCHX, I'm curious, what was your original investment horizon when you bought your current position? DWB

To: fielding who wrote (1384)	7/13/1998 9:01:00 AM
From: Tealby Abbey	Respond to of 2346

Fielding, If you are in Guiness Flight for the long term, stick with it. If you hold it in a taxable fund (I have some of my retirement stash in a taxable frun), you could do a tax switch into a similar fund (sell the loser, move proceeds into similar fund, declare loss on taxes while still invested in China/Asia/Pacific (I can't tell which fund you're in from the call letters). The nice thing about the tax swap is that if you've lost confidence in GF, you can get OUT of GF but stay INVESTED. This month Kiplinger has its mutual fund survey, and I think Forbes puts out its Mutual Fund Survey. Plus, last week's Barron's put out its mutual fund survey and even the WSJ put out a mutual fund survey last week. Any of those will enable you to compare GF to the competition. If you have a very strong stomach, you can average down. But, I think things in the A/P region will get a lot worse before they get better, so you will definitely need a strong stomach and a long term (say, ten years? outlook). On a different topic, I think we're agreed that JD doesn't know when to SELL. (The cynical would say JD has to unwind his private client's positions before issuing a SELL signal to his subscribers). With that in mind, maybe what we need to do is discuss SELLs. With that in mind, shall we pull the plug on T? It's had a nice run, but the acquisition seems to have stopped it dead in its tracks (sliced $10 from our gains). Might this be dead money for the next couple of years? Should we bite the bullet and take a ST gain on T? Maybe buy more SFA with the proceeds? Any others we should get out of?