We have a well-defined sell discipline. We sell when a stock reaches our price objective, or when fundamentals turn negative, or when we find more attractive investments. This gets us to focus on where there might be problems in the portfolio. Good evening, John. I have a substantial portion of my net worth in my funds.
Volatility is very high.
The highest its been since 1987 and before then 1974. Earnings growth has slowed, especially for large companies, and the market seems to show no tolerance for dissappiontments. We are going thru seasonal October jitters, tax loss selling and so far, we think that we are stting up for the traditonal Nov-April positive move. Good luck and good evening. For a small cap growth fund, it is highly diversified.