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Old 06-13-2002, 09:09 AM
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Default Re: Clueless and Losing Money



"big money in mutual funds is made by sitting thru several business cycles...to reap large returns from funds, you have to have the strong belief and and patience to sit tight for 10 or 15 years or longer..." (1)


hold your funds and forget about them, your nest egg will be truly phenomenal in 30 years if you don't mess with it now...this is quite a different strategy of holding an individual stock, where you want to sell immediately for a small loss if the stock starts to move against you


(1)How to make money in stocks, by William O'neil


if you want to start learning about the market, start reading Investors Business Daily for rock solid advice... best wishes
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