Good morning, Bill. My morning routine is so fixed that I find myself sitting at the computer by 6AM even if I don't set the alarm, and weekends seem an unnecessary interruption of the Casino action. After one more Q double I may sign up for therapy <g>. Since you probably danced the night away at the Derby, I suspect you may be suffering from the same malady.
The discussion about diversification has been interesting. I keep a line in my portfolio called the Fat Lady Index, which is a measure of attainment of my personal financial long term goal, and it's currently at 90%. At that point, I had planned to reallocate, leaning towards a weighting of 50% Q, 30% qqq, 15% gmst, and 5% others, but I won't consider it until we near the split on 12/30. More appropriately, I think I will raise my goal. I am currently 92% Q (counting LEAPS) and 8% gmst.
Malcolm and several others suggest diversification should be based on age. I believe it should be a reflection of confidence in one's portfolio components and risk tolerance. For those considering diversification, I would strongly suggest they look at qqq, the nasdaq 100 index trust. If you believe that techs will outperform the overall market and that the top tier of techs will continue to lead, this is an ideal investment.
Note that the Gorilla & King Index is at 215.4 ytd.
Frank |
