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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: Eric Jacobson who wrote (1959)	12/31/1998 10:00:00 AM
From: R Chen	Respond to of 2346

Rand, The advice given to read 26 weeks to investment success at IBD website is good. I believe week 19 discusses stock picking and allocation. One other thing I have read in IBD that I have come to agree with. Avoid stocks priced below 30 dollars They are often not quality stocks and the price reflects the quality of the stocks priced above 30 dollars. Happy New Year and good Investing!

To: Eric Jacobson who wrote (1959)	1/1/1999 3:02:00 PM
From: Tony Pache	Read Replies (1) \| Respond to of 2346

No problem! All this advice is 'free'! Glad I stirred some people to offer good responses... However, I'll defend my position as such: 1. In a raging bull market, you could follow any strategy and still do fairly well. I could pick 10 stocks that have done very well and justify any given strategy over another. 2. In Rand's case, I don't believe that 20K is sufficient funds to buy enough of a stock to make a difference, and is insufficient money to create a good diversified portfolio (if the 20K is his only investment money). Just trying to give a word of caution... My point was that if you have a relatively small amount to start with, I'd put a chunck in a mutual fund to get some diversity, and use the rest to 'play' and see if I was as smart as I thought I was... :) Happy new year to all and good investing!