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To: Sonny McWilliams who wrote (21120)10/7/1998 5:12:00 PM
From: Yaacov  Respond to of 27012
 
Sonny,

I took golf as an elective in my Sr.year. I am still trying to make
the cut for sr. tour. Maybe I will have more luck on the tour than
in the stock market.gg

I am deeper into stocks than anyother time in the past. I own quality stocks , and since I don't need the money I have invested, I can wait. I can't stay home glued to the Reuter or the PC screen, so
I work or play golf. I have seen so many ups and downs in my life and since I can't fix the market , might as well relax and live a normal life. MARKET WILL TAKE CARE OF ITSELF! Furthermore, I can' think of any other place to put 30% of my portfolgio rather than stocks.

It reminds me of the a nasty plane ride I had once. One of the engines was in trouble, every body was in panick. There was nothing I could do. I don't know how to fly nor am I a plane mechanic. So I fineshed a bootle wine and went to sleep. When I woke up the TWA had landed in Athen. I hope you get the message!

As for bond market i have 50% of my assets in long term USD, DM, Lit,
£, and SFR. bonds. and 20% in real estate! I have not changed that in
many years and I am not about to get exited now.

They feds may have to cut in Nov. and again in Jan. Look at the German rates. I think USD will get down to 4 or lower by mid 1990 as the crisis deepens! So bonds are not a bad idea!

Kind regards,

Yaacov.