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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Jolie Renee who wrote (1594)	1/6/1999 1:44:00 AM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 41369

dailynews.yahoo.com

To: Jolie Renee who wrote (1594)	1/6/1999 12:30:00 PM
From: Chuzzlewit	Respond to of 41369

Jolie, that article is so full of patently false assumptions that it isn't worth paying attention to. He assumes that people investing in the internet businesses are traders. He assumes that people who buy funds are buy and hold types. Therefore, instant oxymoron. Unfortunately, the guy doesn't know what he's talking about. I can't say I'm a typical investor, but I buy and hold (as I'm sure many of the people on this thread do), and we are investors in AOL. Second, there is active trading in mutual funds. I've seen several SIGs established around that premise, and the establishment of Fidelity Sector Funds was in response to people wishing to trade in baskets consisting of industry sectors. I suspect that the pressure of having to say something brilliant is behind the silliness of the article. TTFN, CTC

To: Jolie Renee who wrote (1594)	1/6/1999 7:12:00 PM
From: Jorge	Read Replies (1) \| Respond to of 41369

Jolie Rene....I agree...I am going to put in a clip from The Bull Market Stock Report (BTW, an excellent free end-of-the-day analysis on the Market and Tech Stocks in particular).....This clip is what they have to say about investing...Basically it says to CONCENTRATE your holdings is how to Build Wealth...To DIVERSIFY is how to protect it...Great, huh?....That's why I'm heavily concentrated in AOL, even though I own others. ********************************** <<2. CONCENTRATION OF ASSETS CREATES WEALTH, DIVERSIFICATION PROTECTS WEALTH Many investors spend countless hours analyzing charts, looking at the market, worrying about macroeconomic factors. The goal should be to focus on developing expertise in one particular industry, and then buying those stocks which are the leaders in that industry. Developing confidence in your knowledge of an industry and its fundamentals will preclude you from being scared out of your stocks during times of market turbulence. More importantly, it will give you the confidence to concentrate your assets in a few select investments which represent your best ideas. The more diversified you are, the more difficult it is to outperform the market. Why? Because it is impossible to become an expert in a large number of stocks; there is simply too much information to absorb and not enough time to do it. Obviously, not all investors have the risk tolerance to concentrate their dollars into several stocks. However, everyone can and should overweight their best ideas in their portfolio, the extent to which depends on many individual factors, the most important of which is your long term objectives. Your goals determine your strategy. Thus, if you are looking to take $100,000 at age 25 and retire by 40, you are not going to do it by investing in mutual funds. Conversely, if you are 65, you should not be putting all your assets into one stock, but there is no reason not to take the capital you may have in the market (which should probably be no more than 50% of your net worth) and put it into your best 4 or 5 ideas.>> ******************************* Regards, George