Dear Allen,
I have been lurking on the Motley Fool for seven months and SI for four months. Two weeks ago I found the WIND thread. This is my first post ever. I have two questions for you about your perspective on asset allocation.
Let me describe my position. I am a recently retired University professor with enough retirement income to just manage financially. Having assiduously taken advantage of all available tax advanted investing, I have a reasonable nest egg that needs to double before I draw from it to buy a new car, travel, and buy antiques. Two doubles and I will have more money than ever before.
I have 28% of my portfolio in a CREF growth mutual fund that cannot be transferred into invidual stocks. The remaining 72% of the portfolio is invested in high tech stocks only. Today I completed an 8% position in WIND. Your arguments in WIND's behalf about sustained revenues and earnings are compelling. I know that you favor investing in stocks that can sustain earnings. I have read all 1500+ messages on the thread and printed out many of yours for re-reading. You are the King of the Boards. I appreciate your work and will profit from it. My questions are; (1) do I sell many good stocks for one great one, WIND? I cannot argue that any stock that I now own is better than WIND. I have these positions: 10% ASND, 9% INTC, 4% CSCO, COMS, IDX, and smaller positions in MRVC, PAIR, PRIA, CTXS, CYMI, KLAC, QCOM, TLAB, SFAM, ATMI, MCAF, and ACEC. I believe these to be good stocks, but not as good as WIND. (2) What percentage of my portfolio might be invested in WIND?
I hope that you will use my case as a hypothetical to elaborate your investment philosophy on asset allocation. Just drop some crumbs that Susan and I may follow, like Hansel und Gretel, back to our enchanted sky castle.
With much appreciation,
Don |
