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Okay now we have all heard the saying you sell it may go away but we have found someone who says getting completely out of equities is no way to make money she says.
What you really need is some portfolio pruning.
Susan Bolton is the one who -- -- -- FBB.
That doesn't mean adding cede it to the portfolio does -- or are you doing a little bit of well we like what what what what we believe very strongly is it.
-- -- need to have a strategy.
And angles and most of our clients -- -- strategy where they're -- 40%.
To 60% inequities.
Then when you -- that strategy when you have a period of time like right now where the markets up thirteen 14% since January.
So take a look at -- stock portfolio in the spots that have gone up one and 14%.
If there wasn't 5% of your holiday.
Little bit it would have cut and gave that money and put down so if the stock has go ahead.
-- -- -- I think you use the analogy it's kind of like Kevin a jar of marbles you campus chanting get all of them out at once I had heated side.
All of that those stocks that might be 5% your portfolio.
Which are keepers in which you're sellers a little based on the return to get not.
-- -- began -- and and based on looking at the return and making some real investments about it.
I mean you people people unfortunately we all emotional creatures we hate to -- a winner.
Because it proves how clever we are and the south.
They -- -- -- there because we don't want to look dobbs.
So that's that's the basic -- most people major portfolio which is being that.
Means that they they -- they that their very emotional about you don't want to be emotional about it let's take a look at.
So so High Court volley.
-- has gone up 25%.
Now I'd love to have a couple of names like -- if that's free should start of course taking money off the table outright selling it.
A loser is a little more gift is a little more difficult I think because as you say emotional but -- -- from the pruning and trimming.
-- -- should people really think about that they don't that they -- to do.
Well -- woman -- people get people probably should.
Neglect to watch television.
Because what a -- -- guess get the people all whipped up.
And you don't wanna be emotional with your portfolio -- -- -- -- that that people hire these firms like mind is because it's very hard to manage your own money.
Still it's much easier to manage your daughter's.
-- -- if you're managing someone else's -- -- if you -- someone else manage it like you mean you've been cited for being one of those at 25 most excellent firms by Forbes managing 500 million -- You what's so sweet spot for someone -- say 55 years old.
You know you're not ready for retirement you can still write out a correction -- -- wish -- be allocated how should we be doing that.
If you look at historically this sweet spot in the investment.
But Twain 40% to 60% equity in between 40% 60% month out if you're conservative you Polly wanna be.
60% mom that you want to be aggressive be well I -- to -- 60% of stocks.
But would you go about 60% -- you add a lot of risk.
That is not commensurate with the reward you can't.
And sell since all of us have been stuck with being with taking care ourselves and our old age which.
By your father was and they are media not to do that he had a pension bill now -- -- -- -- lump sum of money and they say it -- to starve her warm or succeed.
Don't you want you wanna be in the sweet spot you don't -- -- be taking aggressive chances with your -- Well it OK that said.
What's your view the markets right now.
Susan do you -- -- -- worried about this said that cloud that's hanging over the market clout I mean it would mean that the some fun coming out of they have.
Always -- -- -- always o'clock.
-- -- in 1939.
You know I mean I probably shouldn't need a mid morning Freddie went worry about -- out.
You know -- always -- -- what you have to do is have a strategy and stick to that strategy because you're never that I have a perfect time to invest.
So right since Susan Bolton thank you very much we are glad you were born and we were glad you were yeah I and I thank you and we aren't we I've -- you what -- I want ignited our about 680 great it's a proof of your success yes thank you okay for being on television on Fox Business is -- I've got -- -- the radio station for twelve years I love the body get there -- cash and Spiezio but okay.
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