I had some wisdom I wanted to share with you all from Dan Celia this is a great clip we haven’t played on the show yet before but it’s some of the keys of the FISM strategy and you know I always think it’s good for us to go back to what the foundations of the ministry were well we’re not changing that folks not changing that one bit and so this is a clip from Dan from several years ago but really hones in on some of those key foundations of the FISM strategy here’s our founder Dan Celia. I’m trying to educate myself and I’m wondering what things that you look for in particular stocks that are on your buy list that prompts you to move them to the hold list or move them to sell. Most specifically the one I’m looking at is you had it on your buy list and now it’s a whole but I’m trying to learn what what kinds of things you look for when you move them around like that. Thank you so much. You’re welcome Suzane. Well there is an awful lot of things that I go through to move a stock from my hold list to my by list and it is about 60% technical things that I screen the stocks every week on that gives me an idea from a technical perspective and the rest of it is more of an art form I’m gonna say in the sense that I make that decision based on how well I know the company and what I believe they’re going to do in the future based on not only the technicals but based on a number of other things there’s so many issues that it’s difficult and it’s one of the few things that I do that I’ve been doing now for a over 25 years that I can’t and I I don’t really share all of it it’s the only piece of intellectual property that I own I make a joke about it at my town hall meetings but but when a stock moves from a buy to a hold it doesn’t mean that you sell what it means that you continue to hold it when it moves to stock I know when I buy a stock I actually put money on my by list even though a lot hasn’t changed when it comes off I like I took a stock a preferred off my buy list this morning that that you know a lot didn’t change about it other than the price got a little bit more expensive but when I do that it it it means you know on my buy list it means you would put new money into that in other words you don’t have any money invested in that company and you’re looking to put money in the stock market then you would move new money to that and in other words you’re ready to get in and that would be a stock that would be a good one to begin to get into to begin to get into the market when it comes off my buy list it means you already own it probably if you’ve done continue to hold it the only exception to that rule is if you already own a stock whether it’s all my buy list or not it goes down in value like I talked about with the gentleman on Chesapeake Gas he added to it it’s always good to add to something when it gets lower as long as you can maintain the cash position that you ought to have. Good wisdom folks from Dan dollar cost averaging talks about there of course some of the basics of the the buy list and the broad list you heard that caller there just mentioning those things really good stuff there