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Today I SOLD 11 shares of Lam Research (LRCX charts) at $622.00 from the explore portfolio according to the buy/sell table on page 5 of the latest newsletter.
This decreased my explore portfolio position by 8.6% from 128 shares to 117 shares, all on house money, with a 5.3% portfolio weighting after this sell.
It is amazing that this $20,000 starting position in 1998 has generated $225,757 in cash from trading plus another $3,324 in dividends collected while growing to a total value of $73,759! Much of that cash was used to diversify into less volatile stocks to lower the risk of my Explore Portfolio.
If I had a crystal ball that would tell me absolute tops and bottoms, I could have made a lot more, but I'm satisfied with these results as Lam Research has helped me beat the S&P 500 over the short term and long term with what I believe is far less risk due to the cash generated from trading my winners! As of today, EVERY STOCK in my Explore Portfolio is a winner, even GE which looks like it is starting to breakout after consolidating recent gains after more than doubling last year's lows!
Remember, you can check my "Ancillary Data" link emailed with the last newsletter to see a full list of buys and sells for all my stocks. I will update that list for this trade and send a link to it with the next newsletter.
I will consider a new "auto buy" price target to repurchase these shares in the next newsletter. If we get a big pull-back before the next newsletter and I decide to buy shares sooner than currently listed, then I will send out a special email alert.
Likewise, I will also add a new "Auto Sell" target to take more profits in the next newsletter and send out a special email alert if I decide to sell more before then.
Remember, I take profits as my stocks go higher, even for my favorite stocks, as a way to limit individual stock risk. It does not mean I don't like the stock for the long term but it means I want cash generated from this profit taking to have available to buy any major declines for this or any of my other stocks I may like more during the next decline.
Congratulations🎈🎉💲 Like LRCX, my Explore Portfolio is currently at a new record high up 9.7% YTD with the Explore stocks up roughly 17.1% YTD while SPY is "only" up 6.9%! 📈🚀🏆
DISCLAIMER: The information contained in this newsletter is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This newsletter is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright Kirk Lindstrom 2021.
best regards
Kirk Lindstrom
http://kirklindstrom.com/
Editor of "Kirk Lindstrom's Investment Letter"
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