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


To: Fintas who wrote (6429)12/15/2018 9:24:34 PM
From: Kirk ©  Read Replies (1) | Respond to of 26881
 
Thanks for a clearer explanation that makes it sound to me like you are mostly in cash now with no long term holdings, correct?

To me, I think that usually leaves too much on the table and I'll take one in 15 or 20 stocks like GE going sour when the others are doing well... then collect dividends in the others to put over time into the laggards. Once GE failed to turn my $15 buy into gold... I stopped buying... but I've found it is best to hold on and look for places to add since once 100% out of positions like CAT/BAC/MSFT .... one might never get back in until a higher price than you got out, especially considering losses to taxes.

So... are you mostly in cash with the occasional buying to sell a covered call?

Thanks again.