Tekboy.........I love you, but what a pain in the arse you must be. It's a survey for fun, not the Middle East Peace process!!!!! Setting aside unimportant things like patient care, let's turn to your questions.
Mutual funds will be treated in the Survey as cash; why in the world would you do this?
For simplicity, and because many draw from the mutual funds to invest in individual equities, just like cash. No, MF's are not identical to cash. But when you do the next survey, I know you'll handle this one better.
what is the single best stock pick; I would have thought this meant from among one's own holdings, no? Otherwise why isn't in one's holdings? But you put down SNDK, which you don't seem to hold...
Never, never assume. That's the first principle to good patient care that we teach our young docs in the intensive care unit. The intent of the 2nd question in the Survey is to get the survey participant's best guess of what company they think is in or will soon be in the tornado. Whether one is smart enough to be invested in it is irrelevant. In my case, I think SanDisk is in a big tornado, and that this is recognized by Mr. Market. I think it's a double. But I like my other investments too much to sell, and I would have unjustifiable tax consequences. My personal style has been to be "always invested", hence no cash to invest. I liquidated all my mutual funds (cash reserve) last year to load up on Qcom......which paid off very well last year. So I don't own SanDisk, but wish I did.
how should one treat margin? Let's say that one held 100% of your account in QCOM, and then bought half again as much GMST using margin. Would one list the account as 100% QCOM and 50% GMST, or 67% QCOM and 33% GMST?
the latter. your investment and portfolio value here include all for which the investor is responsible, both the initial cash and the loan.
Apollo |
