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I view it somewhat differently. Humans suffer from the "do something syndrome." It's the reason that legislatures add laws on top of laws that already address the problem, they need to be seen as "doing something." Impatient investors need to "do something" with usually negative results. And who would tune in to an investment entertainer who kept on saying: "Sit tight?"

Doing nothing is often the best move. At sea it's usually better to stay on your boat than to get into a life-raft. Stay on board as long as you possibly can. In Venezuela we even have a name for doing nothing "hacerse el loco" (play crazy) which often is better than overreacting.

I keep telling myself I should trade less in my portfolio. I often make good moves only to destroy them by lack of patience and lack of faith -- the "do something syndrome!"

I have decided not to trade ETFs, only to buy and hold. This has had good results. My four high tech ETFs have grown from 14.5% to 17% of the portfolio in five months without any trading. They are doing what is expected of them, outperforming!

Denny Schlesinger
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