Trying to raise more cash.
After the recent downdraft, my account is pretty depleted of cash.
I dont expect anything to have a sale for awhile unless the market has a big jump as I just did buys.
I thought of reducing the number of separate holdings I have by selling some of the things I dont expect to recover for awhile that are individual stocks. Most of the securities I would be selling I would have tax losses in. Ftek, Spwr, DHT,
I thought of taking some arbitrary number (I will use $100,000 in the example) lets say $100,000 and if my total account goes to $105,000 I would be willing to sell off $5,000 of stock. If one of my remaining holdings then required a buy, I would have the funds to do so.
The above would have me sell stock sooner than if I wait for a 30% rise in one of my individual holdings.
I would mainly use the above to remove individual stock holdings from my account and concentrate on ETFs.
Any thoughts?
Toofuzzy
Take the road less traveled. It will make all the difference.
