Re: Getting Rid of the Losers
- From: "uncle_vito" <uncle_vito2002@xxxxxxxxx>
- Date: Thu, 30 Aug 2007 15:36:40 -0700
I know. I talked to a friend that said he only invested in blue chips with
dividends. Specifically mentioned oil companies. He mentioned he didn't
need to watch his stocks because 'there always will be a need for energy'.
I told him to watch out. Attitudes like that can get you killed.
Vito
"704set" <704set@xxxxxxxxxxxx> wrote in message
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"FrediFizzx" <fredifizzx@xxxxxxxxxxx> wrote in message
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<andrew.sain@xxxxxxxxx> wrote in message
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On Aug 29, 9:54 pm, "FrediFizzx" <fredifi...@xxxxxxxxxxx> wrote:
<andrew.s...@xxxxxxxxx> wrote in message
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Of the five worst positions in my portfolio, I am directly
responsible
for picking four of them:-)
I'm now trying to decide what to do with my dogs and I need help!
Pick
the stock(s) below that you would get rid of first! If I sell them
all
I will have a write off of about $5k AND will have about $1.8k to
reinvest in new winners...hopefully. These are all actual stocks in
my
portfolio. If you think I should hold onto any of these I would be
interested in those thoughts as well.
QLT INC (QLTI) -65%
KRISPY KREME DOUGHNUTS (KKD) -70%
PARTYGAMING PLC (PYGMF) -72%
MECHANICAL TECH INC (MKTY) -84%
TVI CORP NEW (TVIN) -89%
Ouch! Why did you hang on so long? The only one that might be worth
holding long term is KKD but probably not. You mean you have 1.8K to
try to invest in one winner? Next dip just put it in an index ETF like
SPY or EFA.
Fred
Hi Fred, thanks for the reply. Buy and Hold has been a mantra I have
followed.
Regarding the $1.8k...that is how much cash will be in my account if i
sold
all these positions. This money is for my stock purchases as I already
have
diversified funds in my portfolio.
Buy and Hold doesn't work well with all stocks; mostly only the high
quality companies.
Doesn't even work with high quality companies.
704set
.
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