This weekend I was thinking of posting you, I repent, I repent, let me come into the light! <g>
But I realized it would not be quite honest...nonetheless I have to say this has reaffirmed certain basic rules for the majority of a portfolio:
1) Have enough cash, yes cash, that you can sleep at night if the rest of your portfolio disappeared
2) Buy leaps. My KEOGH is mainly leaps and even though they went underwater and I was a bit mortified at the hefty haircut, I knew by 2002 they'd all make me good $.
3) My hunch is our blue-chip stocks, our faves like JDSU, QCOM, NTAP, EMC, SEBL etc, will do even better now, because not as much $ will be risked on the ones that tanked and may not ever recover their former luster (look at ICGE) |
