To: LindyBill who wrote (2313 ) 8/19/1998 2:53:00 PM From: mauser96 Read Replies (1) | Respond to
OFF SUBJECT..I'm a full time investor so I can keep track of more companies. I investigate at least a couple of dozen for everyone I buy. Once I buy, I tend to hold for many years, as long as the reason for the purchase remains unchanged. I figure that the more decisions I make, the more likely I am to be wrong. My biggest mistakes have almost always been in holding a loser too long. The vast majority of my holdings are in tech. This is partly because my background is science based, and because computers have been a long time hobby and interest. I almost always keep a cash reserve, which has served me well in the past. This bull market has been so strong that cash reserves have been a mistake for the last 4 years, but they sure were useful at times in the past. In any case since I don't have a day job to fall back on, some reserves are prudent. Most of my investments are in the usual big cap names- my biggest winner this year is SAP. In addition to the techs I like some of the banks, who are prime beneficiaries of computer power, and sell for less than market multiples with above average growth rates. I own no retail stocks at this time but HD is unique enough to be easy to follow, so I may buy some.
