Go to Jeff Salisbury LWGate Home Page.From: "Steve Foulks" <steve_foulks@up.bresnan.net>
Subject: Re: Asset Allocation , part 2
Date: Wed, 19 Aug 1998 11:17:47 -0400
Next Article (by Subject): Re: Asset Allocation , part 3: it's a TIME thing "Steve Foulks"
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From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Jeff Salisbury wrote: >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? For beginners with little money I urge them to buy cheap index funds (like the Vanguard S & P 500 fund, CREF Equity index fund) and hold them and also to acquire stock in top quality companies and to hold them forever, using dividend reinvestment plan and additional stock purchase plans. In picking a stock I use the following philosophy: Does the company make a good product and will people still want it 50 years from now? On that basis I pick companies like Coca cola, WalMart, Exxon, etc. As wealth increases, I urge people to drop mutual funds and create their own diversified portfolio of stock and bonds, thus cutting out the middle man (mutual funds) altogether. Steven M. Foulks, CPA, CFP, PhD <http://www-instruct.nmu.edu/business/sfoulks/> Northern Michigan University <http://www.nmu.edu/home.shtml> - -
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