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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: chaz who wrote (14522)1/7/2000 11:58:00 PM
From: TigerPaw  Read Replies (1) of 54805
 
Excess margin
I have never had a margin call. To avoid the situation I have two accounts with the same broker. One account has some long term buy and hold stock that I check and leave year after year. (Core stocks like EMC and DELL). The other account is margined and I use it to cover naked puts and opportunistic buys. If I were to guess wrong and find myself in trouble, it takes but a phone call to move stocks from the safe account to cover the margin. It works for me because the margin requirements for each account are calculated separately. (The second half is to quit using margin if you are getting into trouble). My rule of thumb is to get completely out of margin at least twice a year. That makes sure you don't keep mediocre investments hanging around.
TP

Edit - An increased reliance on Gorillas and Kings leads to much fewere mediocre investments.
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