And Now, the Game Plan

On Friday I asked readers for assistance in how to protect the outsized gains I have booked so far in 2012. Being up 16% and 800 basis points ahead of the S&P 500 at the end of February, the ideal would be to lock in and take the year off. Of course, in reality you can't quit that soon. (In November or December, that would be a viable strategy, but not now.)

The real challenge how to lock in the outperformance and the absolute gain. Doing either is simple. To lock in the relative performance I'd just need to go 100% into the SPDR S&P 500 (SPY), but I'd risk participating in a market decline that could rob my clients of the real money they earned when I was up 16%. Going into all cash locks in the 16% gain, but if the rally continued and the market rose 25% or 30%, I'd get a tongue lashing for massive underperformance....756 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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