Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (15287)	1/16/2000 10:36:00 PM
From: dwayanu	Read Replies (2) of 54805

... On January 10 of this, the first year of my retirement, I withdrew a generous annual paycheck from my portfolio, ... Well, with February starting the first year of my retirement (I gave them 4 weeks notice :-)... I'm planning on writing weekly checks out of margin. Assuming a portfolio of $600k or so, and safety margin of 50% loss of value, portfolio would have a margin availability of about $150k (that's a lot of take-home income). Figure that selling stock next Jan or Feb to cover the margin, allows that income money to work all year, earning a lot more than the 9% or so (deductible?) margin interest. Effectively pushes out the taxable sale of stock for income by a year. Too risky for a conservative style? (My actual situation is more complicated, I'm actively trading some non-G&K holdings) - Dway

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