To: Chris K. who wrote (7764 ) 2/26/1999 9:47:00 AM From: Dave Gore Read Replies (1) | Respond to of 15987
WHY wait until Monday and pay higher prices ***ETPI** Board Meeting Tuesday! Big news anticipated. Major STRONG BUY yesterday by publication of $4.50 target within 12 months. That's a 10 bagger. DO some DD, it's all on the thread ** Company who recommended ETPI up to $4.50 per share seems professional, conservative and responsible. Over 10 years in business. From their Website: financialsolutionsweb.com Financial Solutions Web has been in business for over 10 years. The research staff at our company consider themselves financial philosophers. With expertise in all forms of investment our main belief is it's not what you make, it's what you keep. Unlike most stockbrokers who will tell you to invest for the long term, we believe in taking your profits when the markets gets too high. And today it is grossly overvalued. Financial Philosophy #1: What ever your age is, should be the percentage of your money that should be in safe investments. If your 20, you should have 20% of your money in safe investments. If your 50 you should have 50% of your money in safe investments, if your 80 you should have 80% of your money in safe investments. This rule applies in a normal stock market condition. This market is not normal. Safe investments do not include blue chip stocks, mutual funds, utilities, bonds or bond funds. There is now also good reason to rethink CDs, Money Markets and Savings Accounts to be safe places to park your money. The FDIC is not equipped to handle a major bank failure. Money Market accounts are not FDIC insured. Financial Philosophy #2: Think long term only benefits your stockbroker. Has anyone ever had their stockbroker call and say, “I really think this market is extremely overvalued, I suggest we should sell all your stocks.” This will never happen. When the stock market crashed in 1929, it took until 1954 to just break even. When the market “corrected” in 1974 it took until 1987 to break even. In 1989 the Japanese stock market, the worlds 2nd largest economy, crashed. The Japanese Nikkei index was 40,000, it plunged to 20,000 that year. Fast forward to 1998, the Nikkei is now 15,000. So much for long term investing. Our markets fell 40% or more 4 times in the last 70 years. During the depression they fell 90%. Think to yourself how much money you have in mutual funds and stocks. Think about having only 10% left. Can you wait?? Financial Philosophy #3: The higher the gain, the larger the fall. Never before has our stock market made the kind of phenomenal gains as it has in the last 3 years. People are beginning to think it is there God given right to make 30% a year. Do you know that over the last 150 years the American stock market averaged 7% a year? Mutual fund investors have an added degree of risk, because many mutual fund companies have reverted to using derivatives to boost earnings. Derivatives are what bankrupted Orange County California, the richest county in the United States at one time. Derivatives are highly leveraged investments, when the markets go up they are great, as Orange County can testify to, when the markets go down, bankruptcy. If our markets correct 40%, some mutual funds will lose 70% to 80% of their value, because of derivatives. There will be calls for Nuremberg style trials for the fund managers who lost all your money. The Dow made 15% in the first quarter of 1998, yet the earnings of the Dow companies increase by only 1.5%! This should scare the hell out of you. Financial Philosophy #4: Only one investment made it through the 1929 stock market crash and the great depression unscathed. During the ongoing Asian crash, every single investment has been wiped out - - losing 50% to 70% - - except one. Banks, insurance companies and investment firms have all been playing in each others backyards now more than ever before. We all know there are no guarantees of principle with stocks, bond funds or mutual funds. Banks keep on average 7 cents of every dollar deposited in reserves. Insurance companies are required by law to have at least $1.37 in reserves for each dollar deposited in annuities. So it is evident that insurance companies would be the safest place to have your “safe money”. NEW INVESTORS: etpinc.net (one of their divisions).. they recently booked Blue Oyster Cult and Jeffrey Osborne and the China Lake Music Festival is coming up Check out the links to merchandise sales, on-line bookings, and event schedules on both sites. GENERAL INFO: etpinc.net