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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Frank Heise who wrote (1608)	4/26/1999 2:48:00 AM
From: Frank Heise	Read Replies (1) \| Respond to of 1722

Pork, I may have given you an inappropriate response to your basic question. We are retired and are using "seroius money" with our portfolio positions. I try to operate via good business practices, as a business. We have a long term plan that has a goal of 22% growth of Networth while exposing our kitty to reasonable and controlled risks. The plan is based on the following: 1) A selected pool of about 100 possible investments. The pool is updated as I see fit as to content. 2) Monitor and Rank the pool by performance over time as discussed in previous answer. 3) Manage a 20 position portfolio for overall gain in value. 4) Sell portfolio positions if: Value of position drops to 70% of basic commitment, if Value drops below 80% of Highest High of last 100 days; or, Item drops to bottom 20% of pool ranking. 5) Replace Sells from top 20% of ranked pool. This has evolved over the years to where it works for us. JMO