Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: shamsaee who wrote (25808)	6/4/2000 7:58:00 AM
From: gdichaz	Read Replies (1) of 54805

shamsaee: Handling risk is very much a personal matter - the ability to sleep well at night. IMO it is not a matter of age at all. Actually a retired person has a little more ability to keep up with technologies and the leaders within them, so can handle greater risk. The conventional wisdom of the wall street "wise" that the older you are, the more bonds and CD's you should hold, fits the old days when info was less accessible, not now - unless the specific individual has a low risk tolerance - regardless of his/her age. Having the resources to avoid having to sell is essential. That means keeping money outside of rapidly growing tech stocks and sharply limiting margin (zero is best), but how those outside resources are held is also a matter for the individual's specific circumstances. Gorillas and kings have major swings but have very good long term growth prospects so fit a buy and hold strategy. But no way are they immune from sharp dips down - as many of us have seen recently. Therefore some cash, near cash or other outside resources is essential when the primary investment vehicle is G&K. Just some weekend musing. Best. Cha2

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