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<p>[QUOTE="Pepperoni, post: 728565, member: 5520"]<b>Net Worth</b></p><p><br /></p><p>At some point you look at net worth. You have to draw a line in the sand and say today right now what are my assets worth in a real sale. </p><p>Some do this yearly and rebalance for profit or write off.</p><p>Stocks that have performed well are kept or sold depending or your philoshophy of profit.</p><p>My brother in law will hold a stock until it moves up 20% and sells no matter what it looks like for the future. He also uses a stop loss to retain his made profits . He is a believer in the greed and fear cycle.</p><p>I as a person re-evalute my holdings yearly. Property I look at every other year as leases expire.</p><p>Gold I keep and do not sell. I believe that constant selling puts pressure on you to time what can not be timed. Stocks I own I have put a lot of time in but sold in 2005 about 75% of my holdings. </p><p>I monitor the dollar on a regular basis. All currency is backed by good faith in all countries sans a couple. There is only about 800 billion of known gold in a form that can be traded. Not enough to back any major currency. </p><p>The dollar is fragil because of our debt. On the other hand we have natural resources that could boot strap America into a positive area if used.Oil discovered in the dakotas is a vast untapped bridge product. Green is nice but we do not make quantum leaps, evolution is the order of what happens. </p><p><br /></p><p>My opinion only.</p><p><br /></p><p>Pep[/QUOTE]</p><p><br /></p>
[QUOTE="Pepperoni, post: 728565, member: 5520"][b]Net Worth[/b] At some point you look at net worth. You have to draw a line in the sand and say today right now what are my assets worth in a real sale. Some do this yearly and rebalance for profit or write off. Stocks that have performed well are kept or sold depending or your philoshophy of profit. My brother in law will hold a stock until it moves up 20% and sells no matter what it looks like for the future. He also uses a stop loss to retain his made profits . He is a believer in the greed and fear cycle. I as a person re-evalute my holdings yearly. Property I look at every other year as leases expire. Gold I keep and do not sell. I believe that constant selling puts pressure on you to time what can not be timed. Stocks I own I have put a lot of time in but sold in 2005 about 75% of my holdings. I monitor the dollar on a regular basis. All currency is backed by good faith in all countries sans a couple. There is only about 800 billion of known gold in a form that can be traded. Not enough to back any major currency. The dollar is fragil because of our debt. On the other hand we have natural resources that could boot strap America into a positive area if used.Oil discovered in the dakotas is a vast untapped bridge product. Green is nice but we do not make quantum leaps, evolution is the order of what happens. My opinion only. Pep[/QUOTE]
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