[net.invest] 10 rules of Investing

reed (01/25/83)

I also got the mail solicitation from the American Association of Individual
Investors.  I was fairly impressed with their presentation until I read their
10 don'ts.  While many were reasonable I take strong issue to the one which
said never invest in any company in the Fortune 500 or S&P 500 list since
their value is never unknown.  This may be true on a short term basis but
I believe you can make money in these stocks!  In December 1980 I got 100
shares of AT&T.  Now iif it isn't on both of those list as a true blue chip
then I don't know what is!  I paid 8/share.  Those of you who work for
AT&T know it is worth just a little more now, not to mention dividends paid.

Reed Haslam
Patil Systems, Inc.
sytek!gi!psi