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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Sounds Good to me John......your advice was right on the money.....I am not sure about index funds going forward.....simply I think one needs to pick his companies wisely, I think it's going to be a mixed bag for the next year or two. I also think this is going to be a trading market. My portfolio manager basically has a group of stocks she watches and buys and sells them in their trading ranges.....so you might own the stock a couple of times a year. Your right about asset allocation and even with your stock portfolio you have asset allocation.... It's all about risk management.... Try Ford at $10.50 @ a share with a $0.45 @ cents a share dividend. The low was $6.90 for about a minute and half, and the high was $60.00 @ a share in the 90's.
Since the stock market is an indicator of the confidence investors have in America.....I would have to say that the future of America is in doubt.....
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"Some Observer"
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