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Technology Stocks : Full Disclosure Trading
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To: advocatedevil who wrote (3264)12/16/2002 10:07:32 AM
From: Sam Citron  Read Replies (1) of 13403
 
OT AD RE: LT Investment

Your ill-timed and abrupt exit from your "LT" portfolio in October suggests to me that you may not be cut out for this type of investment. I think there is just too much cognitive dissonance for a scalper to also manage a LT portfolio.

So what should you do with the 750K that you think should be allocated to LT investment? I would step back a minute and ask myself how I arrived at such an allocation. What is your situation, your goals and your expectations? How old are you and your dependants? Are you "retired"? What is your expected future income and needs?

If you have kids who have not yet completed college or grad school, I would strongly recommend that you take a good look at the tax advantages of 529 Plans, because they are very substantial and a good education is quite expensive these days. The downside of the 529 is that you cannot micromanage the portfolio. The most you can do is to pick and choose from about 200 different MFs that you can trade once or twice a year.

At any rate, I would suggest that you farm the 750K out to an expert at that type of investment while you continue to focus on ST trading. Other than 529s, I think one of the better choices is to let Warren Buffett manage some of your LT money by investing in BRK/A or BRK/B, since you can do so w/o the tax disadvantages of a MF.

Sam
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