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Technology Stocks : Semi Equipment Analysis
SOXX 296.20-0.6%4:00 PM EST

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To: Kirk © who wrote (6980)11/20/2002 11:29:36 AM
From: robert b furman  Read Replies (2) of 95580
 
Hi Kirk,

Lord knows I've done it all wrong over my 32 years of buying stock.

My personal rule of thumb is never get more than 1/3 of your market value in margin.Then on top of that always have 50% reserve cash - so you can cut the margin down.

During this last trough - I used my cash reserves voluntarily to ease my stress.

The next caveat is never let your cash reserve needs exceed one years capability of savings.

If I ever get into margin bigger than that - it will be with the most rigid of mental stop losses.

Normally I'm not good at that - but in aggressive fits - I tighten up pretty good.

That also is when I lose most of my money.The old nervous whiplash disease.gg

Bob
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