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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Fintas who wrote (2274)11/19/2014 10:45:48 AM
From: Kirk ©  Read Replies (2) | Respond to of 26788
 
My advertising is too complex for the population who takes bites in tweets.... so I'm working on my "elevator speech" where I try to summarize what I do in the short time someone has to listen in a short elevator ride, perhaps in a parking garage.

I'd love to hear from folks on ideas on how to improve this.
I think the way to great wealth is to have a great "Core Portfolio" made of the funds I recommend in my newsletter for the majority of your investments then have an "Explore Portfolio" like I recommend where we look for strength to take profits then buy back shares in market declines using TA and FA to get better prices. This has the effect of having my subscribers and I looking to buy during major market declines rather than panic out as many/most individual investors do. Also, we take profits as the market moves up so we have cash to buy the declines.

I also rebalance/adjust the core portfolios at least once a year so we take profits in what has worked (for example my REIT fund was up 25% YTD recently) to buy what is lagging (currently one of my international index funds) so we don't get the asset allocation out of whack with high risk if one market sector greatly outperforms the others.
Thanks