tag:blogger.com,1999:blog-8626688143589029941.post1443426857930814951..comments2014-04-07T16:50:54.069-05:00Comments on yet another investment opinion: The Oracle SpeaksJohn Lisyhttp://www.blogger.com/profile/03956731166448203627noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8626688143589029941.post-44123421167261721652009-03-03T21:16:00.000-06:002009-03-03T21:16:00.000-06:00the portfolio moves all represent moving cash into...the portfolio moves all represent moving cash into stocks. they're real investments of my own money in one specific account (not some paper or theoretical portfolio). Here's what I wrote on Jan 4:<BR/><BR/>"I'm currently about 33% invested in my high-quality portfolio, with the balance in cash. I've been looking for a chance to add to those positions and start a few others, but the market's runup in the past two weeks has taken most of them beyond my target buy points. If the market goes straight up from here, I'll miss an opportunity (although I do have more equity exposure in my retirement accounts). If a new bull market has already begun, I'm willing to take the chance that I'm underinvested. I could easily see more downside, and real losses are more painful than missed gains."<BR/><BR/>Since Jan 4, my equity allocation has risen from about 33% to probably the upper 40s. I'm intentionally not being too specific because I don't want to get into the quarterly performance vs benchmark game. My idea is to buy good quality stocks on (plus an occasional GE or NYT)on weakness and hold them for three to five years. Anyone who follows this blog over time will be able to get a very good idea of how my stock selection has worked out.<BR/><BR/>Hope that helps.John Lisyhttps://www.blogger.com/profile/03956731166448203627noreply@blogger.comtag:blogger.com,1999:blog-8626688143589029941.post-57462559213406402742009-03-03T20:54:00.000-06:002009-03-03T20:54:00.000-06:00I was speaking about your blog with a friend of mi...I was speaking about your blog with a friend of mine, and she brought up a good point -- when you talk about entering new positions, are you putting cash to work or are you re-allocating assets away from other investments like mutual funds, other stocks, etc?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8626688143589029941.post-42088525871158604332009-03-01T20:18:00.000-06:002009-03-01T20:18:00.000-06:00good question. It was interesting to see that, wh...good question. It was interesting to see that, when the news of the dividend cut broke on Friday afternoon, the stock initially spiked up but then settled back to close within pennies of where it was before the news hit. That tells me that a dividend cut had been fully priced in and was well expected. Same is probably true of a ratings cut. I'll probably look to tiptoe into more GE in the coming week. However, it's sort of an outlier in my portfolio (like NYT) because of its questionable balance sheet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8626688143589029941.post-85722794564167069802009-03-01T18:04:00.000-06:002009-03-01T18:04:00.000-06:00No comment on GE's dividend cut?No comment on GE's dividend cut?Anonymousnoreply@blogger.com