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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Steve Grabczyk who wrote (10108)	1/22/2000 8:36:00 AM
From: OldAIMGuy	Read Replies (1) of 18928

Hi Steve, There's something to diversity in one's portfolio as far as stabilizing performance. However, it not only helps to fill the valleys but also tops off the mountains as well! There's always some price to pay for "insurance." I like to have some of my portfolio in several sectors that I think have long term efficacy. At present I don't have any "retail" stocks in my account and feel this is a shortcoming of the portfolio. I was going to add GPS (The GAP) back a few months ago when in my "What If" Newport histories AIM started buying the heck out of it. Unfortunately I didn't. The "timing" that AIM called out was very good. Although energy had a good year last year it did most of its good in the first quarter and then pretty much went to sleep for the rest of '99. Recent events have breathed a bit of life back into that portion of my account. If it hadn't been for the stellar performance in other areas of my account the average 1999 gain of about 20% in energy would have looked great! Funny how these comparisons work! I should look at how my portfolio is structured. The single largest holding I have is a diversified mutual fund. This has been a drag on the portfolio some years but last year it did very well (up 80% in 1999). For individual stocks, a very large value is in "technology", second is probably "biotech", my long term bond fund is third, "energy" is forth, and "brokerage" is fifth. The TWE brokerage stock is the closest to a "retail" stock I own. Any good suggestions for something new?? LE looks to be on the rebound. I've watched KSS (Kohl's Dept. Stores) but never seem to get in synch with them. Guess it's because I only shop at Fleet & Farm! I like your "Per Diem Wage" calculation idea. Reminds me of stories of how to work "smarter" not harder! I've mentioned in the past one of my favorite stories by R.A. Heinlein called "The Man Who Was Too Lazy To Fail." He was so lazy he always found a smart way to avoid hard work. Our time is worth plenty to us in various ways. The good Short Term traders make money, but they spend considerably more time at it than the average AIMer. Our returns are respectable - especially considering the amount of time it requires. Best regards, Tom

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