(FOOL GLOBAL WIRE) LEXINGTON, Ky. (July 5): No doubt about it, today was ugly for stock investors who are long. But as I wrote in today's Foolish Four update, today's sell-off is virtually a non-event for investors. For traders, well, that's a different subject.
There was no news on the IFG stocks during today's half-day session, but this weekend marks the portfolio updates for all of the model portfolios except for Todd Gunerman's IFG Scan model, which was updated last weekend. So, as for news, our updates are more important to us than the market sell-off today.
Sometime during the weekend (depending on the mail delivery of Value Line), I'll post the new list of IFG stocks here in this area and then I'll update the weekly files in the IFG Statistics Center. Whatever IFG model you're following, whether the Classic approach outlined in my primer, or one of my relative strength variations, or Mike Buckley's YPEG variation, I'll list the new holdings for you in those weekly files.
Forget today's sell-off, Fools. Every time a blip in some economic number sends Wall Street into a frenzy, those are the times I especially enjoy backing away and telling myself "it doesn't matter." Long-term investing is the best way I know to retire comfortably, and with long-term investing in the Foolish Four and IFG approaches, you don't have to analyze, scrutinize, or even "prioritize" (hideous construction that that is). You simply ride out the good and the bad with the knowledge that over the long haul, the good times have prevailed and there's little reason to think they won't continue to over the next decade or two.
Enjoy the weekend, Fool!
Transmitted: 7/5/96 | ||||||||
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