that's a pretty good strategy. And get some bonds! the market never *stays*
up :) but if you can hold your stock you usually will make money with it in
the long run. Assuming its not an Enron :)
Even if you shouldn't risk more than you can lose, you often have to risk
to win. Stocks are the way to go if you are looking for profits.
Dana
Ben Braver writes:
> Dana,
>
> [see other post re: diversified portfolio]
> If this stock tanked, I'd be p.o.'d but not badly hurt.
>
> Am thinking right after the 1-yr long term cg date of selling enough to extract my original investment plus taxes, letting the rest ride for a while in search of "gravy".
>
> -Ben
>
>
>
> >Ben,
> >
> >The usual investment advice is to buy sound stocks and hold them. However,
> >this assumes a diversified portfolio... it sounds like this is the only
> >stock you own.
> >
> >SO the answer depends on:
> >
> >1) if the stock tanks, are you wiped out?
> >2) are you retiring in five, ten, or fifteen or twenty years...
> >3) do you believe that the company is fundamentally sound, with good
> >management, products and policies, and that the market for that product is
> >stable?
> >
> >if the answer to 3 is yes then you might want to consider holding some of
> >the stock, as long as you are not planning to retire real soon. (The reason
> >for the caveat being that if you plan to retire in five years, the business
> >cycle might not have come back around by then)
> >
> >In either case thugh I would get my hands on some money, by selling some
> >stock if necessary, and put it into something else. Municipal bonds are
> >usually quite safe, I think they are tax free, and they will do well in
> >times when stocks do not.
> >
> >Caution, I am not a financial planner, although I had a securities license
> >in another lifetime and I think what I am telling you here is fairly sound.
> >
> >Dana
> >
> >PS - Oh and btw people seem to think the economy is picking up so the stock
> >price probably is not at the beginning of a nose-dive, unless something is
> >going on with that particular stock.
> >
> >Hope that helps and once again I suggest research before actually doing any
> >of this. You will be the one to deal the the consequences o your decision
> >so make sure you are comfortable with it.
> >
> >And congratulations btw, sounds like you work for a good company :)
> >
> >Deanna Schneider writes:
> >
> >> How much we talking about here, Ben? What are your goals, etc? My parents
> >> did some stock options once and used a one-time capital gains
> >> exception....not sure if that still exists....and then paid off the house, I
> >> believe. That could be an option.
> >>
> >> Oh, to have your dilemna....
> >>
> >> -d
> >>
> >> ----- Original Message -----
> >> From: <[EMAIL PROTECTED]>
> >> To: "CF-Community" <[EMAIL PROTECTED]>
> >> Sent: Thursday, November 06, 2003 3:58 PM
> >> Subject: Stock dilemna
> >>
> >>
> >> > so everybody should have such a problem:
> >> >
> >> > About a year ago, I took a chance and bought a chunk of my employer's
> >> stock in my personal account. Bought in at $3.19 a share.
> >> >
> >> > Today it closed at $12.40, and has been going up quite a bit lately on
> >> good news.
> >> >
> >> > Price before they bought our site and the market turned south was about
> >> $13-$14.
> >> >
> >> > So, what to do?
> >> > Keep it all, hoping for even more gains,
> >> > Sell an amount corresponding to the original investment, getting my money
> >> out (so anything else is profit),
> >> > Sell it all (take the money and run).
> >> >
> >> > And if I sell, where the heck to put the proceeds?
> >> >
> >> > <sigh>
> >> >
> >> > -Ben
> >> >
> >> >
> >> >
> >>
>
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