I have changed my mind on CSCO
I friend mentioned my post last month about CSCO "What to do with CSCO now" and was sorry to see a negative call. Ooops, I had just put CSCO in client accounts as part of the Large Cap allocation for 2011.
What changed by my mind? I saw a couple of advertisements over the holidays of CSCO's video chat over your TV. OMG, finally a consumer product that will drive image. CSCO is the backbone of the internet age. AAPL with Iphones and Ipads would still be a niche computer company and Google, Facebook and Twitter would not exist at all.
No, I was wrong and given the discount CSCO is trading relative to QQQQ and SPY. Make CSCO ten percent of your Large Cap allocation. So if you have $100,000 of SPY, sell $10,000 of SPY and buy $10,000 of CSCO and smile, you just did something really smart.
What changed by my mind? I saw a couple of advertisements over the holidays of CSCO's video chat over your TV. OMG, finally a consumer product that will drive image. CSCO is the backbone of the internet age. AAPL with Iphones and Ipads would still be a niche computer company and Google, Facebook and Twitter would not exist at all.
No, I was wrong and given the discount CSCO is trading relative to QQQQ and SPY. Make CSCO ten percent of your Large Cap allocation. So if you have $100,000 of SPY, sell $10,000 of SPY and buy $10,000 of CSCO and smile, you just did something really smart.
Posted by Bradley Fluetsch at 1/5/2011 6:55 AM 
Categories: Speculation
Tags: CSCO stock equity market bonds retirement invest technology Cisco
Categories: Speculation
Tags: CSCO stock equity market bonds retirement invest technology Cisco
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