To: LindyBill who wrote (13655 ) 12/31/1998 2:47:00 PM From: Jake0302 Read Replies (1) | Respond to of 74651
Yes, I am in MSFT, CSCO, INTC, QWST, WCOM, AOL... and YHOO... but I am also in ATI, C, HD, FNM, GE, CD, AMGN, AIG, MTC, GSTRF, DELL, INCY, LU, BRKB, FDX, SAP, EMC, SUNW, WMT... I am 29, I am a grad student. I picked the above stocks (with 2 exceptions) from the Money 30 and the Wired 40 list. I set out an amount of money each month this last year, and I put that money into those stocks... ie I dollar cost averaged in, but decided I wanted to pick my own stocks, not put my money into a mutual fund. I am going to hold those stocks for 5 years minimum, probably much longer. I figure the return will outpace the 8% interest on my student loans. This year, my portfolio is up 37.9%, which is on pace with the NASDAQ, and far ahead of the S&P (and almost every mutual fund manager), and the Dow. What is my point? 1. There are a lot of people like me. Not just baby boomers, but so called "generation x-ers" though I think that is a stupid term. OK, maybe I haven't been in a bear market (unless you agree with Ralph Acamporaspam who says July-Oct was a bear market), but I don't intend to sell if one comes up. I expect the market to dip big time in 99 at various points. When it does, I will buy more stocks out of my planned basket of Money30/ Wired40 stocks; and I will buy LEAPS on the Gorillas. 2. Yes, I am a very "young" investor. But I'm not dumb, and I think all the wizened oracles on Wall Street are selling people like me short. Anyway, I am in MSFT long. I expect it to double this year. NT. New web intiatives. And the only real issue in the trial is the remedy. With AOL/NSCP the definition of the market has changed. Divestiture is no longer a real option. And even if it were, a MSFT broken into 5 companies organized by vertical markets would be more, not less, valuable. I am just going to sit back and watch MSFT battle ATT/TCI to get into every home with hi speed bandwidth. Should be a good, and profitable, fight.