On Thu, 29 May 97 19:52:35 -0600, ORWAHOO wrote:<<review message 34>>Sorry, have no objection to your caution until you feel more confident in your investment education but don't see what you are doing is dollar cost averaging. You make no inclusion of the lost income opportunity involved in not investing available funds fully.When a casino offers blackjack, their income from good players is like a random walk with an upward drift. The S&P behaves the same way. Poor players of course lose money almost as fast as option and day traders.Your rational seems to be as if a casino said "I've made an above average amount of money lately, most of you players go home for 6 months." With a combination of a Cash King portfolio and Unemotional Value model (or even Beat the Dow 10 to spread your risk among 20 issues), the probability of long term disaster in a large proportion of these high quality stocks is as close to zero as anyone can reasonably expect.Remember, however, I'm not a tax or financial advisorJust Fooling in the FlatheadTom Kuffel, firstname.lastname@example.org
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