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 : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Joe C. who wrote (9512)	12/11/1998 7:35:00 AM
From: Michael G. Potter	Respond to of 16960

I came to the conclusion that, at my current "trading $ level", the taxes and the effort cancel out the gains I make. I'm much better served bying mutual funds via my 401(k) and buying and holding stocks through DRIP in my taxable accounts. The advantage to buying individual stocks in my taxable account is that I can hold them until I want to sell and thereby reduce taxes. THat means keeping my investments for at least a year or longer. Since I want to have some small-cap growth in my portfolio, I choose one or two stocks like 3Dfx that I understand (ala Peter Lynch) and that I think can double or triple over a few years time frame. Unless something very significant changes, I do not see myself selling my 3Dfx for a few years. Michael