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Strategies & Market Trends : The New Economy and its Winners

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To: Robert Rose who wrote (1831)10/2/2000 10:16:20 PM
From: Libbyt  Read Replies (1) of 57684
 
folks here seem not to like to discuss it, I still believe firmly that it's all about asset allocation

In rethinking my asset allocation, I probably have 15% of my assets invested in the stock market. I tend to like stocks that would be considered growth stocks, not blue chip stocks that pay a dividend. I don't use margin at all....and I don't "short" stocks....these factors IMO lower "my risk" compared to other investors. If my stock portfolio were to dramatically go down in value, it wouldn't affect my life style. (I wouldn't be happy...but I wouldn't worry about being homeless!) However...I mentioned this to Gene last week, that if the market doesn't have a "change in direction", I can add a very large tax refund from the IRS at the end of the tax year as an addition to my assets!

I think when considering your asset allocation you need to take into consideration so many factors....that most likely everyone has different needs and "goals". Is your goal to increase your wealth, to have a steady income from your investments, to save money for your retirement, to leave money for your family to inherit?

I have to agree with what William said on the A*** board:

"It's entirely subjective. That's why CPA's, tax lawyers and estate planners exist." and "Everyone's financial situation and risk tolerance is different."

and also from my previous post: "I don't think that there can be a "formula" for asset allocation because every situation is different, and most likely each individual has needs which continue to change depending on many factors."
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