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URL:  http://boards.fool.com/ive-been-tempted-to-buy-some-individual-stocks-i-29036522.aspx

Subject:  Re: high yield dividend funds Date:  1/17/2011  2:16 PM
Author:  temsike Number:  68271 of 75340

I've been tempted to buy some individual stocks. I only use cheap broad besed ETFs for my entire stock portfolio.

I suggest to goofyhoofy the following: use a super low-cost broad-based ETF (i.e. VTI or SCHB) as a "placemarker" for when you want to sell a stock but don't quite have the substitute buy in mind.

Right now, 3 of your sells could be sold now and replaced with VTI.

Remember, there are no called strikes in stock picking. Using VTI as "placemarker" will give you the disciple not to "swing" unless you are very confident you can hit your next pick out of the ball park.
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