Re: Asset Allocation , part 2

From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury)
Subject: Re: Asset Allocation , part 2
Date: Mon, 17 Aug 1998 15:52:05 -0600

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On Aug 9,  8:35pm, Steve Foulks wrote:
> Subject: Re: Asset Allocation , part 2
> If capital markets operate in this fashion, what do you do?  Low cost mutual
> funds are one alternative, and the other is to construct a well diversified
> portfolio of individual stocks, and hold them for ever, which is my
> strategy.  I never look at annual reports, investment news letters, etc.
> Rather than wasting hours analyzing knee deep out dated investment crap,  I
> enjoy life.  My returns have been better that the market, because I
> generally chose blue chip stocks, not because I "time" the market, or know
> how to pick winners.  I buy stocks when I have money and would only sell
> stocks if I needed money.  If I spend an hour a month thinking about my
> investments, that would be an unusual event.

Steve,

I too, am a buy and hold advocate.  However, being a CFP, what do you do for,
or recommend for your clients?  Mutual funds?  Or, a portfolio of stocks?  How
do you choose a mutual fund or stock since you indicate that you don't do much
research?

Best Regards,

Jeff Salisbury



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