As I lurk on this board, learn and decide for myself, I’m a bit overwhelmed with the expertise and sharing. Some seriously smart, successful, well-spoken folks here. I have not much to offer, except my plan in progress to move ‘the mutual fund of Kip’ from ~55 stocks to some smaller number.
I sold four long-term holdings today. All just above or below long-term S&P returns, but no conviction from me to them. That’s how you get ~55 (or now ~51) holdings, following new ideas and holding forever, comparing yourself to the S&P or a ‘North Star.’ The David G approach.
I like to keep ~10% cash for new ideas. That’s all about my ‘hold’ mentality – need cash because I can’t sell. Duh, sell the losers, move on. I’m moving cash to 20% or more in the next month as I seek comfort in my gains and new ideas and strategies for my careful deployment of precious capital. Double dip on… ANET?
This investing style may require more time than I can commit, TBD. Day job, family, yadda yadda, still digesting the Knowlege Base after lurking for six months. Spray and pray, under Foolish guidance, has served me well over the last cycle, with an outcome of too many companies to really know.
As Sarah Connor heard from a small Mexican boy right before closing credits, ‘there’s a storm coming.’
Thank you each for your contribution, for making me a more alert investor. I plan to contribute more to the board, to you, as I get my own house in order.
Kip