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

To: robert b furman who wrote (7786)	10/25/2019 12:08:51 AM
From: Kirk ©	3 Recommendations Recommended By berniel kimberley the longhorn Read Replies (1) \| Respond to of 26439

Thanks for the kind words. I think what a lot don't see is the high value of taking some profits to have a cash stockpile to put back into the markets whenever they surprise you to the downside. Look at the people who talk about Buffett and few mention that he takes profits or sells stocks when something changes to have a very large cash position relative to most mutual funds. You can actually offset capital gains with the rare losses to reduce the tax hit too while making your overall portfolio better. Most just look at Buffett or my results and think it is great stock picking, which is a large part of it, but the cash management is also huge.

To: robert b furman who wrote (7786)	10/25/2019 12:16:40 AM
From: Kirk ©	Respond to of 26439

What is funny... if I'd just kept the 2,000 shares and never taken profits and sold the rest of the stocks for spending cash... I'd have more money in the portfolio than I have today! But who knew back then LRCX would do SO well when many thought it was going to go under in 1998... I took profits to get all my money out after 9 months at $13.33.... a $10/share gain and continued to take profits until at last one on 3/10/00 near the peak at $54... Then went down and I started buying again and have followed that pattern ever since. I try to not let any position get to be too large a percentage of my portfolio these days.