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Non-Tech : The Critical Investing Workshop
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To: Brian K Crawford who wrote (21)7/11/1999 2:49:00 PM
From: Uncle Frank  Read Replies (1) of 35685
 
>> My strategy is to go into Y2K fully invested. If we get a sell off I will be buying the bigger growth names on margin. Then after the recovery I expect, I will be selling off to get back to my normal leverage level.

At first glance, that seems to be a good way to handle y2k, but what if the hysteria leads to massive profit taking by the institutions and leads to a deeper and longer correction? You might find yourself getting margin calls and having to sell core positions at the worst possible time.

As a side note, what strategy would you suggest to those of us with a large part of our portfolios in IRA? As you know, we can't use margin (which has turned out to be a blessing).

Frank
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