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Strategies & Market Trends : Investing for the Long Run

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To: Condo who wrote (49)	8/13/2007 9:14:13 AM
From: tyc:>	Read Replies (1) of 68

>>so the SPY position is sized the same way the other positions are No I did not mean that. The SPY position is analogous to a cash position, and I acknowledge that it is really too high. However, in its own right SPY is a diversified index fund. I therefore tell myself it is the SECTOR (LargeCAP US) that has become too large in my PF. I am looking forward to reducing the PF size of this sector, but first other sectors of the PF must underperform ! "As a rule of thumb, I have decided to make my ultimate target for any stock,, at 50% above its current S&P price, at which point I would be all out, In my experience this ultimate target has not been achieved often.. I don't expect many stocks to outperform the S&P500 by >50%". Note the clarification. If cash were the benchmark, an ultimate target of +50% would be too low, for cash volatilities are higher.

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