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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: JohnM who wrote (49123)	11/26/2001 10:22:48 PM
From: Mike Buckley	Read Replies (1) of 54805

John, As I recall, Mike, you said you took a large amount of money out of the market sometime back to fund retirement, enough to cover expenses for several years (I forget just how many). Good memory! Actually, it was seven or eight years, depending on how things work out over time. I gather from your comment above that you don't count that as part of your investment portfolio. Why not? Doing that would make my returns look horrible. :) Seriously, I've always believed that money needed in the next seven to ten years shouldn't be invested in the stock market. Given that opinion, it doesn't make sense to consider those funds as part of the investment portfolio. Those funds are technically invested in instruments that will keep pace with inflation, but nothing more. When that decision is made to ensure the capital is available for emergencies, living expenses, etc., (as opposed to making that decision as a market-timing issue or while parking the money until it is deployed in a worthwhile investment), I don't consider that investing in the practical sense. --Mike Buckley

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