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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: radman33 who wrote (1680)	8/27/1998 8:35:00 AM
From: Geoff	Read Replies (1) \| Respond to of 3764

I'm a 24 year old with about $2000 to invest in a new Roth IRA. I am thinking of putting the first 1k in a blue chip like GE, and the other 1k in Boeing? I think Boeing looks like a great buy right now, but what does anyone else think? Or am I just being foolish by not putting my small $$ in a mutual fund? Jay, that's pretty funny, 'cause I just turned 23 and am looking to open a Roth as well. I think that buying stocks in small amounts in the Roth is a good idea, actually, that is what I plan to do, but instead, to dump all $2,000 into one stock. I have looked at BA, GE, PEP, MO and others. To me at least, I'm too young to want a mutual fund. People I know have been using their Roths to trade, since there is no capital gains tax when you sell, its just that you cannot withdraw funds without a penalty. That's fine, but imagine if you bought $2,000 worth of Dell last year, you'd be sitting on a lot more than $2,000...Then you can sell it and put ALL the proceeds toward something else. I've got my E*Trade Roth IRA application sitting right here, however, I want to call them to make sure that there really are NO account fees whatsoever other than the trading commission. I will likely pick up BA, but $1,000 spread across more than 1 equity doesn't appeal to me. I figure $2,000 in BA or something this year, then $2,000 in something else entirely next year. I don't want to buy any mutual funds until I'm about 27 or so, I already have 3, but in a taxable account. The subject of the message is just the first sentance of your message. It's as simple as that. best of luck, geoff

To: radman33 who wrote (1680)	8/27/1998 8:58:00 AM
From: Chip Roos	Read Replies (1) \| Respond to of 3764

Jay: I am a bit older than you (not necessarily wiser) and it has been my experience that the key to winning in investing is the longterm strategy. Almost every stock that I have bought has had its ups and downs but almost without fail, these stocks do well if you are patient. I think Boeing is a great company with some problems right now. But they are a leader in their industry with limited competition and one must believe that their core product (planes) will continue to be in demand. And with all of the production workers employed by Boeing, I figure that's a pretty good voting block so the politicians will be somewhat friendly over time to this company. Finally, I view companies like Boeing that are out of favor as a huge buying opportunity. I bought at 44 and again at 38. I'd buy more at these levels but don't want all of my eggs in one basket. Anyway, do your research and buy for a long outlook approach. I bought Wal Mart at 23 about 3 years ago. I did nothing for two years and then took off - 69 yesterday. You just have to find quality companies and be patient. Good luck to you. Chip

To: radman33 who wrote (1680)	8/27/1998 12:57:00 PM
From: Dale J.	Read Replies (1) \| Respond to of 3764

Jay, You got the right idea. If you start with a Roth IRA at your age and stick with the blue chips you will do well. I would look at BA, INTC or MMM at this price. Dale