Pages

▼

Monday, August 26, 2013

Capital Preservation

"Rule #1: Never lose money.  Rule #2: Never forget Rule #1."~ Warren Buffett

Today, I started to sell individual profitable stock positions, in anticipation of a stock market decline. Tomorrow, I will continue to sell to raise cash.  Then, I will wait for a 10% decline to start reinvesting.

The only equities that I may purchase before a 10% decline are material stocks, such as Freeport McMoran, Cliffs Natural Resources, and Newmont Mining or precious metal ETFs.

Disclosure:  We have long positions in Freeport McMoran, Cliffs Natural Resoures, Newmont Mining, gold ETFs, and silver ETFs.

For more on Strategies and Plans, check back every Monday for a new segment.

This is not financial advice. Please consult a professional advisor.

Copyright © 2013 Achievement Catalyst, LLC
at

1 comment:

  1. pfstock9/03/2013 11:51 PM

    I have been selling too, but only with the help of stop orders. I also own Newmont Mining so as to diversify my stock holdings.

    ReplyDelete

Comment guidelines: My Wealth Builder will publish comments that are about the topic and do not contain inappropriate language. My Wealth Builder reserves the right to edit or delete comments for any reason which includes those that have advertising (either for a product, website, or blog), contain inappropriate language or are not about the topic.