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Technology Stocks : Nortel Networks (NT)
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To: JAMES BORECKI who wrote (2024)2/15/1999 4:36:00 PM
From: Don Beals  Read Replies (1) of 14638
 
Due to higher appreciation of U.S. stocks I too am way over the 20% limit. At times I am concerned that I am overweight in US tech stocks, but I am reluctant to sell. I may in future consider selling and immediately rebuying during one of the Nazdaq's big drops to reset my book value at a lower value and reduce my holding of US stocks somewhat. I'm happy now to have a big weighting of US stocks, but that may change. I wish I had known about the trick of contacting the old broker to establish old book values when changing accounts. I recently had to sell some US stocks when changing accounts.

I am self employed an my income varies widely from year-to-year. Several years ago during a bad year I took some money out of the RRSP and use it for only foreign investments. I have done well. What about converting RRSP money into Tbills and using margin to buy more foreign stocks on the outside?
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