To: rickd1 who wrote (10986 ) 2/12/1999 11:54:00 PM From: Wally Read Replies (2) | Respond to of 15313
I was not pitting the track record of FNTN against the track record of Microsoft. I'm stupid, but not THAT stupid. My point (and apparently I wasn't very clear about it) was that ALL of companies have problems. When a BB has a problem, anxious investors don't just get upset, they panic.. A perceived problem in a BB makes most normal investors more nervous than with a perceived problem at Microsoft. We fear that the BB will collapse while a poor-performing Blue Chip will at worst lose 50% of its value - and hopefully you'll get it back over the course of a long-term investment. My reality says that Financial Intranet is still in business and my FNTN portfolio shows a quintuple since last year. While my Microsoft stock has done well, it hasn't done THAT well. Last year, my brother lost 30% in one week in Intel against a 1-year upside potential of maybe 50%. With FNTN, I'll I lose 30% in a bad week -against a reasonable upside 1-year potential of 400%. Reality? Financial Intranet is an extremely high-risk stock. Reality? Intel & Microsoft are rich giants and have made many an investor rich. Reality? The chances of my brother becoming rich NOW from either one of those giants is a great deal more remote than the chances of FNTN making him rich. Reality? My brother will probably be down another 30% in his Intel stock by next week! You see, I'm a gambler and he's not. When I was struggling as a self-employed writer, my brother sought the safety and fat salary of a large NYSE corporation. I struggled for some time and had quite a few near-disastrous set-backs, but I went on to build a nice business for myself. My brother made a mint.. right up until the moment a leverage buy-out landed him on the street. First he sold his boat, then he sold his shore house... you get the point - or perhaps I'm still suffering from obtuseness.