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Politics : Ask Michael Burke
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To: Amir Shalit who wrote (69782)10/29/1999 8:41:00 PM
From: Freedom Fighter  Read Replies (1) of 132070
 
Amir,

I like that strategy except that it doesn't fit my circumstances.

I own several stocks in which I have enormous capital gains due to their excellent performance and the length of time I have held them.

I am comfortable with their prices and their ability to ultimately survive anything that hits them, so I really don't want to sell. I also don't want to sell because I'd have to send 1/3 to various levels of government.

However, they represent such an enormous percentage of my net worth, I am uncomfortable holding that much in equities given my view that it is also highly likely that the US is in a dangerous credit and asset bubble whose bursting and implications no one can time or measure with any degree of certainty.

That has caused me to develop hedging strategies that require a lot of time and energy and so far have cost me money. It's an emotional drain that I am tiring of.

Wayne
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