To: ToySoldier who wrote (12655 ) 11/30/1998 12:40:00 AM From: rudedog Respond to of 74651
Toy - re: Other stocks have far out performed MSFT but for some amazing reason the MSFT-Lemmmings are so willing to throw all of MSFT's wolves aside and wish on a star. Given MSFT's price and market share, it is unlikely to skyrocket from here. But it is also very unlikely to drop significantly. It is one of the stocks that I can pretty much just forget about and get a good return. I first bought MSFT in August of 1990. At that time most of my friends thought I was crazy - after all, MSFT already had almost all of the OS business, they were going to be lucky to just grow with the industry, the glory days were over, etc. That stock was purchased at $3, split adjusted. I would be very happy with a 25% return on my MSFT investment in '99 - that beats many other places I could put the money, especially given the low risk. I aim for 25% or better with 80% of my portfolio, and the rest I put into more speculative stocks. That way, even if I completely tank on every speculation, I still come out ahead. Over the last 3 years, the core stuff has done about as well as my speculation (which may say something about my ability, or lack thereof, as a stock picker). Still, over all, I have had better than 100% appreciation for the last three years. sometimes even a blind squirrel finds some nuts... Everybody ought to own a little MSFT - it is clearly one of the core holdings in any technology portfolio, along with Intel, and one or more of the networkers, and one or more of of the boxmakers. I currently hold MSFT, Intel, Cisco, LU, CPQ, and Dell in my core portfolio. It does not take religious conviction or a leap of faith, it's just an easy way to avoid the need for a steady job.