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Peter:

You miss my sarcasm! Obviously, one cannot go around and just toss out a 4% rule -- without replacing it with something perhaps better.

All I was trying to point out was that, if we study and learn and TRY a few things, sometimes we CAN deal with our own lives -- and our own investments.

As a small example, today, one of my investments, Eastman Kodak (symbol EK) has jumped up nicely. Last time I checked, it was up over $1 a share, or some 13% today.

Since it is already up to almost double what I paid for it about 4 months ago, I put in a Trailing Stop Loss at some comfortable level below that for SOME of my shares, to ensure some profit, should it suddenly drop obscenely, while still following it on up, as long as it goes up!

No "hammer" on a nail. More like a scalpel, carefully ready to cut, if and when needed.

Again, the problem is not with the tool, it's with how it's used.

You got it.

Vermonter
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