That would work. Another thing you could do is make the "read more here" or "click here" nofollow. That way, they don't pass any link juice and you can keep more of the link juice for other deep linking links.
Now this just hit me earlier this afternoon.
I was checking the rankings of posts of my main blog.
Post titles, quickly indexed by google and mostly showing on page one.
What is in the post, keyword phrases, same thing.
Even parts of articles, etc///same thing.
Then it hit me!
I get nothing by using at the end of my posts bad anchor text!
Like using "Click here" "read more here" "continue here", etc.
So starting tomorrow when I make another post, every single article, part of article, etc. will use anchor text of keywords and/or title.
That should bring even more of my blog posts into google search!
Anyone else as dense as me on this?
Today's post has no click here, etc.
All using phrases, keywords, etc.
Mostly the title of the piece.
I am not worried about do-follow and no-follow.
Source: Official Google Webmaster Central Blog: Get a more complete picture about how other sites link to you...anchor text influences the queries your site ranks for in the search results