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John,
Guess we both needed to explain ourselves better. Looks like we are in
violent agreement <G>. That 8% dividend sounds good. Hope you have a great
new year also.
JimG
----- Original Message -----
From: John Manasco <jmanasco@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, December 29, 1998 1:16 PM
Subject: Re: Building Blocks - Money Management
>Hi Jim
>
>I guess I look at things a little differently or more probably didn't
>explain myself properly. If I am 80% invested and holding four stocks
>then I can only add four new positions at 5% for each new position. I
>rarely hold more than 12 stocks at once and I usually have a couple in
>there that I don't need to watch on a regular basis. Right now I hold
>Conectiv class A which is paying a 8% dividend. It's a utility stock.
>This stock I will hold for quite awhile for the dividends until it
>breaks below a 200 day ma. But what we are really talking about here is
>an actively managed portfolio and you are quite right that 10 stocks is
>enough to monitor on a regular basis.
>
>Have a happy new year
>
>John Manasco
>> Holding new positions to only 5% of my portfolio wouldn't work for
me.
>> I personally think 20 positions is too many. However, that's just my
level
>> of comfort in that I think fewer positions work better for me.
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