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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: ckern who wrote (25251)	4/13/1999 6:09:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

My dear Charley..OT-------------------------------------------------- Thanks for reposing trust and asking me question about investing your hard earned money. I think no one can handle the money better than your ownself. You need to evaluate the strategy and this should be around following. 1- Keep 30% in cash, invest this money in assortment of T-bills some with medium maturities others at the long end, I expect the yields to move down considerably if this market moves up from here, as you know if BKX and RUT takes off 'new highs and new lows' improvement will bring a lot of late comers to the party those who got long today. 2-15% of your cash should be designated in a trading account, this is the money you will trade based on various serious opportunities that will come along, I would always prefer use of option only buying not selling to be actively utilised in this account. 3- 10% of your cash should go in WEBs Japanese webs. 4- 10% of account should have European webs. 5- 10% of account should designated to ASEAN webs. 6- 25% of cash should be designated in 'nifty- fifty' and micro caps, I will not go in the details of that as you will make your own mind, however I think we need a global distribution and as such risk distribution is achieved automatically. This is the distribution of a well managed 'post selling property account', I would only recommend this presently. as far as individual stocks are concerned there is no dearth of opportunities, from here you will get the best advice on market direction and macro economic issues, on threads like Tim Luke or James Strauss or Jenna or Last Shawdow special situations can be picked, Judy on our thread is very special on picking up breakouts, if you need to trade the most speculative market on earth go for 'Systems' thread where some of these guys like SE Selvin TT trade SPOOS regularly they have a decent track record but knowing the trade and following it is just as great for someone wanting to know the intensity and personality required. Bookmark people like GZ on S&P real time trading, OJ on P&F, HJZ on internets new oportunities and Lee who is class act in her own department of defining markets from a very purtian macro economic fundamental. On our thread we have some special contributors like JT, Sonki, Karun who have good experience of markets. So it is assortment of various personalities, I folow them religiously, I have on the other side fence greatest regard for Michael Burke as someone who has got it very right as far as basis of bear argument is concerned, I also think MMV and some guys on BK make a good case for shorts. If you cover all these guys I think you will see a marked improvment in your ability to call the markets, last but not least market like humility, never say market will be down so much or break so much work within some supports and resitance's only way to avoid whip saw. Like my supports are 2200 on NDX 392 on SOX taken out, BKX 905 RUT 405 and SPM 1322, these are important levels I trade all these and keep an eye on most of them, I do trade alos on interim levels like 1340 yesterday. Use your money well and do it intelligently - I hope you may see good returns, market is about investing I believe in staying invested I wish I could have only written stay cash and finish the argument, but it is all about parting your capital, if you have the ability market will reward you, take what the market gives you and treat market with greatest of respect this thing knows how to decimate prank callers, it is bigger than life.. with humble regards to markets Ike..fwiw