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I have been a Rule Breaker now since 2011. In that time I have built up a portfolio of 32 stocks, mostly Rule Breakers and also some outside of Rule Breakers that came from this community. I have only two stocks losing in relation to the S&P 500 PVTL and NKTR, both recent purchases…conversely 28 of the remaining 30 stocks are beating the S&P 500 by at least 10%, with at least half of them beating by 40% and some much more than that.

I was wondering if you all have any advice on how to trim? I KNOW I’VE COME TO THE RIGHT BOARD AS I CAN’T BELIEVE HOW HELPFUL AND WELL THOUGHT OUT THESE DISCUSSIONS ARE.

What rules do you use to decide which to trim and which to target for reallocation? It is hard for me to say goodbye to winners, (how do you do that even if conviction has waned a little as in IPGP) and I fear that I would be afraid of the high $/% per stock if I consolidated. I would like to trim down to 15-20 stocks…right now my largest holding ALGN is 7%. ALGN, ABMD, and IPGP have been my best investments to date.

I am 59 and look to grow the 401k for another 4-7 years…4 if it grows quickly and 7 if it grows slowly…

Thanks everyone!

Foolingyou1

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I sold my IPGP a couple weeks ago. It has been very good to me over the years but YTD is hasn’t, better returns elsewhere. You should try to look at projections and what it has grown recently in your port or look at other ideas on this board. YTD IPGP return was less than 10%. Also don’t wait forever for a story stock to make its move. I like to look at high revenue growth, and low to reasonable debt. I’m sure others will chime in.

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