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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (52611)	10/26/2013 1:53:13 PM
From: Jim P.	Read Replies (1) of 78783

Don't buy anything is sometimes difficult. I manage my parent's investment account and my dad has been very critical of cash in the account. There are times when I have been on margin for a year or 2 but there is nothing better than having some cash when a sector gets take to the wood shed. I find having to sell something to buy something puts me in a "trader" mentality in stead of "investor" mentality. I think cash is under rated as there is a "lost opportunity" cost (impossible to measure) instead of the known comparison cost of competing investments. I have more cash in my portfolio as a percent of assets than I can remember...over 25%. My parent's are 99% invested but some of the covered calls sold should result in stock sales. Stocks that I added this year when they became unpopular are Potash Corp, Peabody Coal and Alon USA Partners. jim

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