Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: LWolf who wrote (63062)	9/1/1998 8:25:00 PM
From: Don Martini	Respond to of 176388

Very Nice Post Laura Wolf!! Don

To: LWolf who wrote (63062)	9/2/1998 3:35:00 PM
From: Jim Patterson	Read Replies (4) \| Respond to of 176388

re: The role of brokerage houses and brokers will be dramatically different in the next 5-7 years. Core portfolios will become self manageable. I am only responding to a small part of your post. You make a very good point. The broker makes his as long as the trades go through. But in the case cited, it was the clients ideas that created the losses. He did not know how fast leverage could work against him. That is what he did wrong. Now, Yes brokers and brokerage houses will change going forward. As for portfolios becoming self manageable.... As some of ya'll know, I am an Elliott Wave Guy. Bob Precter is the reigning guru for this type of analsys. In the early eighties, he wrote in his news letter: ' the last 16 years of sideways market action has produced a heard of great market traders. These traders will be ill prepared for the market move to come. At this point, (1983) the buy and hold strategy will work best.' The traders will have a hard time staying fully invested as they will want to trade every rally, but not getting the pullback to er-enter their favorite ideas. Since 1983, much has changed. Today, (1998) I think the time of the buy and hold strategy is now behind us. Once again, all of the great money runners, the masters of the buy and hold strategy will find themselves ill prepared for the upcoming market action. If I am right on this, then your concept of a self managing core portfolio will never come to pass. The average guy, despite the resources the I-Net provides, will not do well, as he still has a day job, and trading is a full time occupation. Good Day. Jim