<b<Apollo’s Personal Portfolio, November 27th, 2000
QCOM 66.8%
EMC 3.7
JDSU 1.0
INTC 8.6
NTAP 1.0
RMBS 18.9
Since November 2000, the biggest difference is that my Rambus shares have increased about 8-fold, and my storage shares are way down.
My single biggest lesson learned?
Easy. Be willing to sell a stock, no matter the tax consequences. For example, I had enormous gains in Qualcomm, entering 2000, but all were short-term gains and would have led to maximum taxation. I stuck with “longterm buy and hold”, my basic investing principle anyway, and sustained enormous losses. Last week, mostly thanx to Rambus and Qualcomm, the portfolio was back to green (0.3%, LOL).
I haven’t formulated an exit strategy, but I am toying with the idea of setting 20% stop loss on all holdings. Opinions on this strategy are most welcome.
Best to all,
Apollo |
