Hi Rich, as this is a long-term "rolling" portfolio, many of the components which I would expect to continue to recommend for years to come, I will not be too fine with price entry and exit points. It will be the lazy person's stock basket. Last year Dan had another wrinkle, weighting the basket based on how much he liked some of the stocks...basically anything that makes this more difficult to calculate, or harder to replicate by some generic person (assuming whoever it is doesn't have a lot of time or spreadsheet acumen), I will basically try to avoid. As for the "sell" part, why don't we just drop stocks from the portfolio each year if we don't like them. Not very precise, and certainly not investment advice, but that's probably better, just provide the "best of the best" ideas and let people do their own money management.
Speaking of which, some people's picks have shown a marked lack of self-restraint. Instead of the "best of the best", some posters have chosen to hawk the sort of 'hot stocks' that tend to give internet stock boards a bad name. The rest of you, rest assured that I'll always try to refer back to whatever sound investment principles some of the pros might urge one to follow. Paying top dollar for a penny stock and a story just won't be "on" here. We're looking for rare gems, not the Winter Olympics of Every Widow & Orphan's Nightmare Stocks. |
