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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (19140)8/25/2006 1:41:34 PM
From: LoneClone  Read Replies (2) of 78413
 
" Lone Clone has 70 positions, he says somewhere, geez how do you do that,"

Last year I made the temporary decision to try to make money instead of having a life, in the hopes that when I have a life again I can afford a better one. I am a very fast reader, have good research skills and a capacity to absorb large amounts of technical information very quickly, and am devoting a LOT of time to my portfolio. (When like me you have given lectures on jargon-ridden topics like "Post-modernism, Post-Structuralism, and the Floating Signifier", even geology and accounting talk seems pretty straightforward.)

My other justification for investing in so many companies at once is that when I invest in junior companies I like to hedge risk by building up baskets of stocks, and it takes 5-10 to make a proper basket. So it's not 70 stocks but a dozen baskets of stocks.

Seriously, having this many is nuts, I know that. I will be looking for opportunities to reduce when the time comes, stock by stock, basket by basket.

LC
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