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Non-Tech : Kick Me...Please! -- Ignore unavailable to you. Want to Upgrade?

To: M CAHILL who wrote (1)	4/8/1999 10:47:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 21

For the first seven years I contributed to an IRA account and owned mutual funds. Once a year or so I would move to whatever the next hot sector was supposed to be-- real estate, small cap, energy. I managed to stay out of phase with what would have paid, and finally moved the account to a brokerage account and traded stocks. The result was, over seven years up til until 1998, all I managed to get was a 2.7% return on average each year! Last year trading, mainly just last spring, I got the account to go from 17 to 71k, which went to my head I guess, because I was able to halve that by October. Anyway, I recovered to around 50k and decided to settle down...in what has turned out to be the most unloved sector of the market--smallcap biotech. In time I think I'll be okay, quite a bit of that so-called "due diligence" on my part seems to be uncoving plenty of value, but in the meantime, while I wait-- Kick Me!