Is Your Garage Full Of Junk?

I have a 2-car garage. There are nice shelves on one side and a good practical workbench with a vice on the other side. Plenty of room for 2 cars yet I have to be careful when I pull in so I won't run over stuff stacked on each side. Sound familiar?

Kinda reminds me of the investment portfolio of many people. Full of junk. If I threw out almost all of that stuff I really wouldn't miss it. For whatever crazy reason I still have a stock certificate of 100 shares for a copper mine in Cuba. You know how much that is worth. Fortunately, I don't have any of those now defunct dot.com company shares.

Oh, I did own a lot of technology issues in 1999 and into 2000, but when they started down I put in my stop-loss orders and someone bought them from me. I sure hope he still doesn't have them. Some have no value at all now and others are worth less than 10% of their high prices. I remember Priceline.com when it went to $104 and then took a nosedive to $2.00. I even made a nice profit in the mutual fund Janus 20 that took off from $40 and went to $93. Today it is $37. The Buy and Hold crowd have become the Buy and Prey people. Needless to say your broker did not call you to sell out with a profit. No, he said, "Don't worry the market always comes back". Maybe not in your lifetime.

I have not been very careful about keeping the junk out of my garage, but I have not collected many pretty stock certificates that have no value. Once each month I have taken about 15 minutes to see what is going on with my money. That is what is supposed to take care of me when I do not choose to work any more and I know Social Security is not going to be enough.

When that bull market was raging I made sure that I was not going to give back the profits I made. I placed following loss limits on each of my securities every month. You really should do it weekly, but I did not seem to have the time. A good friend of mine taught me to place what is called Good 'Til Cancelled Stop-Loss Orders. The are also called GTC stop orders. This has been the difference in my having more money in my retirement account today. If I had not done this I would have less than half of what I have now. Don't let that happen to you.

If you have a lot of worthless securities or those that are still going down I think you should give serious consideration to cleaning out that portfolio and putting those funds in a cash money market account until you can find something that will make you some money.

You can live with a messy garage, but you can't live with no money in your retirement account. Clean out the weak ones now before they become worthless.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

[email protected]; 1-888-345-7870

In The News:

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Bar on mutual funds to give stock dividend  The Daily StarThe stockmarket regulator yesterday came up with the decision of barring the open-end and closed-end mutual funds from providing any return on unit (a form of ...
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India's hedge funds threatened by higher taxes  Economic TimesDomestic hedge funds have taken seven years to reach $6 billion in investment commitments.
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Should I invest in Mirae Asset Emerging Bluechip Fund?  Economic TimesIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
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NFO: ESG Equity Fund from Quantum Mutual Fund is open: Should you invest?  The Financial ExpressThe selection of stocks within the 'ESG Equity Fund's portfolio will be restricted to only those stocks which meet the criteria of Environment, Social and ...
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Some pockets in mid, small caps have turned attractive, S Naren of ICICI Pru Mutual Fund  Economic TimesWe spoke to to S Naren, ED & CIO, ICICI Prudential Mutual Fund, to find out what is in store for mutual fund investors.
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How Quantum Mutual is tackling ESG investing  BusinessLineESG, not a choice but a necessity, says chief Chirag Mehta.
Nimesh Shah on two trends to look for in the next 10 years  Economic TimesThere are two long term trends in India; one, the private sector banks with a good liability franchisee and the pharma trend, the healthcare segment of India, says ...
Only NBFC fix can remove mutual fund risk; Sebi whip alone won’t do  Economic TimesCapital markets regulator Sebi's attempt to improve prudential regulation that includes tighter investment rules for debt mutual funds and stricter disclosure for ...
Is Glenmede Large Cap Core Portfolio (GTLOX) a Strong Mutual Fund Pick Right Now?  NasdaqIf investors are looking at the Large Cap Growth fund category, make sure to pass over Glenmede Large Cap Core Portfolio (GTLOX). GTLOX has a Zacks.
Biggest Amazon Prime buy of all may start the day after the sale ends  CNBCAmazon Prime Day is expected to set a new sales record for the online retail giant, bringing in close to $6 billion this week, but another big Amazon buy starts ...
Beware! Exotic funds are a $40 billion time bomb ticking on D-Street  Economic TimesNothing grows this fast in finance without storing up trouble for the future.
'It's time to take your money out of stocks': India's top insurer to investors  Livemint'It's time to take some money out of equities because valuations are looking stretched,' Gopikrishna Shenoy, SBI Life Insurance.SBI Life expects earnings at ...
India to witness launch of second ESG Fund from MF industry  MoneycontrolQuantum Mutual Fund will launch Quantum India ESG (Environment, Social and Governance) Equity Fund on June 21, which will remain open until July 5.
The 5 Best Investment Strategies In A Volatile Market  ForbesThe S&P 500 is hanging right around 2850. In late January, 2018, it hit a then closing peak of 2872. In the 17 months since it's struggled a couple of times to eke ...
An HNI fund that returned 20% in a bad year shows how to survive a down market  Economic TimesNew Delhi: Amid concerns over deteriorating corporate governance, falling accounting standards and a selloff in stocks across the board, a bunch of stocks ...
HDFC MF to buy Rs 500-crore NCDs of Essel Group from its debt schemes  Economic TimesHDFC Mutual Fund has decided to buy Rs 500 crore worth of Non-Convertible Debentures (NCDs) of the Essel Group from the debt schemes that have ...
Following Stock Trades And Mattress Sales, Real Estate Investing Goes Digital  ForbesAs Americans' confidence in online financial services grows, crowdfunded commercial real estate investing is finding its stride.
Aggressive portfolio: IIFL picks 13 stocks for long term capital appreciation  MoneycontrolGiven the way mid and smallcaps have tanked in the last two years, it is wiser to allocate the majority of portfolio weights towards largecaps and the rest in ...
Stocks in the news: RCom, ICICI Bank, HDFC AMC, Jaiprakash Associates and Jet Airways  Economic TimesHere are a few stocks which may buzz the most in Tuesday's trade.
Closing bell: Indices snap 4-day losing streak, Sensex gains 85 pts; banks, IT stocks lead  Moneycontrol.comThe sectoral trend was mixed with Private Banks and IT gaining. The broader markets underperformed frontliners.
Real Estate vs. Stock Investing: Which Is Right for You?  The Motley FoolBetween stocks and real estate, one asset class is likely to offer more reliable cash flow and passive income -- and a higher rate of return, too.
When To Withdraw Your Money From Mutual Funds?  GoodreturnsWhile most analysts suggest to invest in mutual funds for the long term, its really also about timing, which enables you make money.
Q2 Earnings Preview: See 16 Stocks Expecting 50% To 550% Growth  Investor's Business DailyAs some of the fastest-growing companies get ready to report their latest quarterly performance, it's time to build your Q2 earnings season ation plan. Here's a ...
Anil Ambani, world’s sixth richest in 2008, falls out of billionaire club  Economic TimesTotal m-cap of six Anil Dhirubhai Ambani Group firms has dropped to Rs 6196 crore.
Here are the mutual fund favourites in April  MoneycontrolMaximum month-on-month change in value was seen in TCS, ICICI Bank and Kotak Mahindra Bank.
Is your mutual fund buying or selling stocks too much?  LivemintA turnover ratio measures the extent to which a fund manager churns her portfolio.If the portfolio turnover is greater than 100%, that typically means that the fund ...
What India's top three mutual funds bought and sold in March  Economic TimesIndias largest money manager held 1.5 trillion rupees in equities.
5 Top-of-the-Line T. Rowe Price Mutual Funds  Kiplinger's Personal FinanceT. Rowe Price mutual funds are a rarity in that they have found success across a wide range of strategies. Here are five of their best offerings.
Should you invest in international mutual funds?  LivemintIf you were to sort all equity mutual funds available for retail investment by their one-year performance, international funds would come on top. The best ...
Consider investing in direct stocks only if you can monitor portfolio proactively  LivemintDirect stocks can be considered if you have the ability to do research to identify the stocks to be bought as well as to be sold.You should be revisiting your ...
Govt increases limit to disclose investment in stocks, mutual funds for employees  Moneycontrol.com*Service* rules say no government servant shall speculate in any stock, share or other investment.
Here's a look at the mutual fund favourites in May  MoneycontrolThe second month of FY19-20 saw a notable change in the sector and stock allocation from the top 20 mutual fund houses. On a month-on-month basis, MFs ...
MF holdings of auto stocks at record low: Motilal Oswal study  BusinessLineMutual funds' holdings of auto sector stocks stood at a record low in April, finds a study by broking house Motilal Oswal Securities. The weightage of the auto ...
What India's top three mutual funds bought and sold in May  LivemintInflows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi's comfortable electoral win spurred ...
What top mutual funds bought and sold last month  LivemintMumbai: Inflows into Indian equity mutual funds in January were the smallest in two years as heightened market volatility and political uncertainty cooled ...
A young investor’s guide to mutual funds  Economic TimesMany young investors, who are barely a year or two old in their career, are eager to start investing in mutual funds. ETMutualFunds.com receive many queries on ...
Equity funds record highest ever exposure in banking stocks in March 2019  Business TodayAs per the latest data available from the SEBI, overall deployment of equity funds in bank stocks grew around 52 per cent year-on-year (y-o-y) in the month ...
Mutual funds bet big on these 30 stocks in November; do you own any?  Moneycontrol.comThe Indian equity market rose about 5 percent in November but what was more heartening to see was inflows into mutual funds. Investors pumped Rs 1.4 lakh ...
Here are a few mutual funds that stocked up on YES Bank in Q4FY19  Business StandardShares of YES Bank tanked 30 per cent in trade on Tuesday, after the bank reported a massive Rs 1,507 crore loss in the fourth quarter of financial year 2018-19 ...
Index mutual funds see 60% jump in assets in a year as actively managed funds struggle  Economic TimesIndex mutual funds — a category that aims to mimic returns of benchmarks, like Nifty or Sensex — have seen their assets surge 60% over the past one year as ...
How concentrated is your mutual fund portfolio?  LivemintA concentrated portfolio can backfire badly if the fund manager's strategy goes wrong.A portfolio with few stocks can fall sharply if share prices of most stocks in ...
Flows into mutual funds revive in May as Modi win seems to spur risk demand  LivemintFlows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi's comfortable electoral win spurred ...
Actively-managed large cap mutual funds poised for a comeback  Economic TimesDefying predictions of their imminent irrelevance, some actively-managed large cap mutual fund schemes have bounced back to the top of the return chart.
Should you invest in algorithm-based quant mutual funds?  Economic TimesQuant funds work on a data-driven model that relies on a mix of parameters and algorithms to identify the right stocks at the right time. But can they beat actively ...
How income from stocks and mutual funds are taxed for an individual  Moneycontrol.comCapital gains from transfer of unlisted share are considered as STCG where period of holding is less than or equal to 24 months, and LTCG when holding period ...
Mutual funds or direct equity investment – which is better?  Economic TimesOne big question that often dogs investors is which investing option should they opt for: mutual fund or direct equity? Katalyst Wealth's Ekansh Mittal ends your ...
7 stocks most favoured by mutual funds over last one year  Economic TimesAs the markets hit a speed bump, stocks favoured by mutual funds appear to be safer bets.
Mutual funds sell several blue chips stocks, buy mid-caps in March  Business StandardDomestic money managers were seen pruning their holdings in several blue-chip stocks, including Reliance Industries (RIL) and Housing Development Finance ...
Stick to MFs if you lack knowledge on stocks  LivemintWhile equity is surely the way going forward considering your age and the financial goals, how you buy in equity is important.Direct stocks work very well if done ...
The dangers of high mutual fund inflows  LivemintMutual funds have put ₹2.4 trillion into markets in the last two years.Equity mutual funds receive ₹8000 crore monthly through SIPs.
First-time investors can look at these mutual funds for long term  Economic TimesInvestors, who were waiting on the sidelines for the uncertainty to recede, are now looking to deploy their cash. But, valuations remain steep.
Investment limits Sebi prescribes for mutual funds  LivemintIn case of unrated debt instruments, a mutual fund cannot invest more than 10% of the portfolio in a single issuer and 25% in all such securities.In case of listed ...
I want to invest Rs 1 crore in stocks and mutual funds for 5 years. How should I invest?  Economic TimesYou may consider the following asset allocation: 40% in large-caps; 40% in large and mid-cap, or multi-caps; and remaining 20% in mid- and small-cap funds.
Will these mutual funds help me to create Rs 8 crore?  Economic TimesIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
What top 5 money managers bought and sold in February  Economic TimesFebruary was the fourth consecutive month of decline in net investment into equity mutual funds.
Here’s a better tool to judge mutual fund performance than simple 1-year, 3-year returns  Economic TimesOne invests in mutual funds to earn potentially higher returns than those in traditional investment products, and I'm sure everyone looks at the one-year, ...
Top 8 most common mutual fund investing mistakes and how to avoid them  Business StandardMutual funds garnered Rs 8,022 crore of its assets by way of SIPs in December 2018, 29 per cent higher than the previous year | Illustration: Binay Sinha ...

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