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To: ms.smartest.person who wrote (440)4/21/2000 11:44:00 PM
From: TobagoJack  Read Replies (1) | Respond to of 615
 
You are welcome and thank you for the encouragement. I do treat the regular folks on the thread as friends, just friends I have not seen yet. I have met some and intend to meet more.

On your guilty plea - no one can keep proper track of 60 stocks unless that is all they do. It is also not much fun to keep track of 60 stocks. Ideally I like to trim back to 10 only, whopper positions where I can be made or broken on my choices.

I do reserve one position for mad-money-choice. The money allotted is always the same amount.



To: ms.smartest.person who wrote (440)5/5/2000 4:39:00 PM
From: Kachina  Read Replies (1) | Respond to of 615
 
Merry - I have 3 stocks in my portfolio, and run a max of 5. To me, that's enough for one person, particularly running part time. On average I have had 1.5 over the last 10 years. It's done well for me. But this is a "mad money" account where I take more risks and learn.

Sixty stocks! How on earth could you do the level of concentration that you really need to do it right?

In a rising market, you will probably do well enough, but would probably do just as well by throwing darts. In a falling market, it could be very hard to keep above water.

What I would suggest is that you establish portfolio pools. Take some percentage and run it as a trading game. Mayb elet your husband do that. Do it in separate accounts.

Take another, the majority, and do a very careful job of winnowing the stocks down to the best ones.

And never mix the two. Ever. Don't let any money go from one to the other. Then do a yearly review of the accounts.

Sounds to me like you are in pretty shaky territory.

Just my opinion.