Well stated, Slider...I'll quit "needling" you. Still, would have been fun to have you in the running. And where ARE JohnQ and Waldo?
My picks, by the way I own, as I mentioned. I take your "basket" approach to the whole market. I balance buy and holders between Hi risk/reward (MEXP RRC) and widow/orphans (GE,REI,UCM) I maintain 1/2 of my portfolio in "mutual fund" (counting Berkeshire Hathaway in that category) I actively trade no greater than 1/3 of my portfolio. These are general quidelines. Not anal enough to do the math.
This works for me, as I can take large risks on a smaller piece of the portfolio and sleep at night. But, boy, I wish I had the Kahunas to play with the whole portfolio when I am "winning". Especially this past few months in NG.
My "trader fund" is up 49% now in the last couple months, (total portfolio up 39% for the year...been really "lucky", tho it just now made up for the 20% hit I took last year!)
By the way, do you keep performance statistics? Given your high profile here, I'm sure others as well as myself would be intersted in your bottom line % yield for '99 and 00 YTD.
(To see if trading does beat buy/hold)
Regards,
Cosmo |
