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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: BDR who wrote (22200)4/4/2000 5:19:00 PM
From: freeus  Read Replies (1) of 54805
 
reliving off one's portfolio even in corrections
I've been thinking about the same thing, since I am probably going to leave teaching in Jan or Feb.
I think the best thing to do is sell enough when one's stocks have great ups (Qcom at 180-200 in Jan, Nok at 225 last week, NTAP at 250, etc) especially in an IRA, and always keep $200,000 or so in cash at any given time (or whatever cash would get you through a year). That way you never have to sell when we have these corrections and you always have some buying power for great buys (Qcom at 130 today, Csco at 65).
Freeus
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