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October 09, 2011


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A huge amount of our holdings are in gold. Gold stocks actually, not the kind of gold you can store in the safe and then take out to roll around on the floor in.

These stocks have taken a pretty good hit lately like everything else, enough to get Norma telling me we should have sold some a couple months ago. I thought of it back then but didn't because of the huge capital gains we would have been exposed to.

Hindsight is a wonderful thing but, like you say, it will recover.

So if you can't roll around on your physical gold, why not gather all your trade confirmations, toss them on the bed and roll around on those :)
I re-balance the portfolio often because the other half of our annual income comes from cap gains. We're in a very low tax bracket so this works in our favor.
But I agree - it's hard to sell a winner.
I usually sell a third of any stock that's really run up and then buy back on dips. And lately there's been a lot of dips.

Have you ever considered starting another blog strictly for this subject? I'd read it.

Nah, no plans for an investing blog. I'm pretty sure that everything I write about has already been covered (much better) by someone else.

Over the last 25 years we had a lot of investments that we thought were 100% safe and secure lose money for us. It is just the nature of the investing game.

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