INVESTOR SPOTLIGHT.Name: Dale Kawashima Residence: Studio City Occupation: Music Publisher Age: 40 How he got started: Kawashima used to rely on his full-service brokers Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount for investment advice. ``Their approaches were OK but I was a little more aggressive in my stock picking,'' he said, meaning he did better. While he's grateful to a broker for telling him to buy Microsoft and Intel warrants, he's not happy that he was also advised to sell the securities way before it reached its current highs. Kawashima's new strategy: ``I have my account through Charles Schwab Charles Schwab can refer to:
Best stock pick: He bought Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. at $37 a year and a half ago and it closed at XXX on Friday. ``I believe in technology and particularly in the companies providing the pipeline for the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , like computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. stocks. They have a high-growth pattern,'' he said. Worst stock pick: Cybercash, which provided a system of buying products over the Internet. ``I thought it was going to do great. I bought a small amount at $35 and now it's $14 or $15. I sold it at $25,'' he said. Investment philosophy: ``Invest in high-growth, large-cap companies and buy and hold. If there is a correction, try to buy more stock when it takes a dip.'' CAPTION(S): Photo Photo: (Color) No caption (Dale Kawashima) |
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