Hi All...Thought that I'd check in from the abyss.
So, still follow the thread, but haven't posted due to a major re-alignment in my trading patterns.
Took a fairly major hit with MMPT during the internet-stock meltdown, then recouped the loss somewhat...same with EGRP.
Traded GE in some fairly safe trading ranges to again recoup some losses, and THEN finally capped my daytrading activity by diversifying the whole portfolio over the last 3-4 mos. into 50% CDS [7 1/4% yields, 6-24 mo. maturities], and the other 50% in these mutual funds:
finance.yahoo.com
All in liquid cash accounts [no IRAs], since I can absorb just about any gains with my Calif. mortgage, and other write-offs...
Also trustee now of large fund which is taxed at 50%, and consequently has forced a strategy of individual CA munis, a muni bond fund [VCAIX], some SSB growth fund, and annuities.
Congrats to all who have played the semis, etc. and continued the great dialogue here...
Just thought I'd share a different investment approach to this "cauldron of confusion" that is sometimes stock investing...
bw |
