M454 - thanks for your dedication

[Edward H. Lybarger]

Am I the only one out there who sold media stocks paying no dividends at
their peak and bought electric utilities (paying between 5% and 7.5%) and
banks?  The electrics are up about 30% since August and the banks will
follow as soon as interest rates fall.  And then some of the latter will
merge with others, which is generally very profitable to shareholders.

The point here is not what I did, but rather the admonition that you MUST
keep a hand in what's being done with your investments.  Unless you're a
total dolt, and I've seen no evidence of that from anyone on the list, you
shouldn't give 100% control to anyone else.  And yes, I too have Microsoft
at 106 (but not much of it).  I'll get that back with time, just as you will
with your portfolios that drooped last year.

Ed
  -----Original Message-----
  From: owner-pittsburgh-railways at dementia.org
[mailto:owner-pittsburgh-railways at dementia.org]On Behalf Of
Fredbruhn at aol.com
  Sent: Monday, January 01, 2001 8:23 PM
  To: pittsburgh-railways at dementia.org
  Subject: Re: M454 - thanks for your dedication


  Funny, I had the same feeling lately since my retirement is about 95%
  investment based.  It wasn't the best year if you haven't noticed.

  Fred
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