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These Stocks Will Make Me 'Rich' in 6 Months

NEW YORK ( TheStreet) -- Warren Buffett once said:

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

I think what Buffett understands is that sometimes even the captain of the ship has to worry about his own survival. At some point it is better for investors to just cut his or her losses and move on to more prosperous companies.

Reshuffling My Portfolio

As easy as that may be for me to say, I realize this is, in fact, one of the most difficult things for investors to do -- particularly those who are often caught wanting to be right, even if it means going down with the ship.

I could never quite figure the rationale behind that idea. Why not just live to trade another day? Instead, they allow their emotions to get the best of them and start treating their stocks as it if were a family member or a favorite pet.

However, as the second quarter ends and the third quarter begins, I think this is one of the most important periods for investors who not only want to redeem themselves, but salvage what might be left of their leaking vessel. We have had six months to either prove how smart we are and/or confirm that we have no idea what we are doing. Nevertheless, this time we are going to devote our energy towards changing vessels - I say this regardless of whether we have been right or wrong.

It goes without saying, if we have been wrong, then more than reason an adjustment is necessary. By the same token, if we have been right, do we want to risk holding these same stocks and giving up all of our gains? My problem is, I'm caught somewhere in the middle. Though I have adjusted periodically, like changing my oil, I usually make it a habit every 6 months to re-evaluate my positions and reshuffle my entire portfolio. I recommend you do the same.

What I'm Buying

First and foremost, since we are talking about vessels and ships, any portfolio that does not contain an anchor such as technology giant Apple (AAPL - Get Report) might as well prepare to sink.
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SYM TRADE IT LAST %CHG
AAPL $121.30 0.00%
CSCO $28.42 0.00%
FB $94.01 0.00%
MSFT $46.70 0.00%
ORCL $39.94 0.00%

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