Good morning loyal KXL crew...

Well another benchmark low on my portfolio...as I will bet you also have paper loses overnight..

Having weathered the storm so far we are all in this together..and a new strategy will emerge from this drubbing we are taking...

For many years I have always been a buy and hold long time investor..but times..they are a-changin''...

I hold a very broad diversified portfolio and large volume share holdings...I am now more inclined to sell off my portfolio as the bull market returns...

Small profits are better than the buy and hold strategy that has been my policy in the past..

But going forward ,I will select a very few to buy and hold...banks..insurance companies and KXL and oil trusts..which are paying me a 20% yield every month..more cash buildup in the portfolio..On the small caps that pay no divys ,I will sell them as they pass my purchase price..

Hind sight being 100% I can see many stocks in my old port that had 100% profits that I didn't take because I was in for the long haul..

That has now changed and will be taking profits...

Speculative stocks like KXL will be few and far between..In the past I took positions in many different plays with money..management and good drill results...

These holdings are now reduced to pennies..

And I will hold them forever until I can turn a profit...

Tax loss selling is still in my game book but I am finished for this year and looking now for the capital gains I need to take advantage of my losses..

But it does take an eventful year like this year to reacess ones strategy in the market game.

One great difference in my strategy is a new sell strategy that I must learn...some times the toughest part of this game..I never have a problem buying..it is the selling part I have difficulty with..

But that has to change.......

And I have learned also to keep cash on hand at all times..even as tempting as KXL is right now,I'm keeping $15k cash on hand for expenses..

That is what I am going to set as a minimum bench mark for my cash reserves..

As for being "BOSS" ..been there ..done that..Owned four incorporated company s and only had to let one person go...over the years..Care in hiring is the key with knowing that your people are your best asset...without your people your company is nothing..zero...nada..Sold them all and made money..never went bankrupt or closed the doors..

So you pick them and treat them well and they will look after you...

Anyway it is going to be another active day on the markets so don't dis pare...we will all survive if we hold together...nothing worse than finding one of our long time board members had to sell out for financial difficulties reasons..

We need all of us in Vegas...

Pip pip and all that..

Portee