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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (24445)	4/16/1999 11:10:00 AM
From: Dragonfly	Respond to of 77397

Yes, but you have to diversify as some point. I urge you to reconsider this approach. If the company is good or great, and you aren't in a serious financial crisis, why sell a good thing? You end up pruning your flowers and cultivating your weeds. The "diversification" mantra is not based on sound financial wisdom, but is great for people who want to constantly be charging you a commission. Look at Fisher and Buffett. Buffett, for instance, has never sold to diversify. What are the odds that your money is going to do better in the new stock? (Rmember you have to overcome the significant capital gains hit from selling.) If its not going to do better, you really aren't at less risk by diversifying. In fact, you increase it. How many companies can you really follow closely?