Good evening Rande and all,
Since October 29, I have not traded. As I stated before, I entered numerous Fidelity sector mutual funds. At that time the Nasdaq was 3272.18 - (Friday, 26 October) and has decreased approximately 18% to 2653.27. Interestingly, my portfolio has decreased 14% (3% due to commission on the Fidelity funds).
I intend on maintaining a generally hands off portfolio but not a pure long term buy and hold. I also intend on using mutual funds to help spread my investments more than I can with purchasing individual stocks.
For now, I am reorganizing my portfolio to sell for tax purposes and have begun to do some DD on a few stocks as I have some free time during the holidays.
Currently, I am looking at AMD, AMCC, AMAT, JDSU, NTAP, BBY, and CC as a starter portfolio in addition to a Nasdaq tracking fund, an aggressive growth fund, and a couple of Fidelity sector funds.
Rande or anyone, my specific question concerns BBY and CC. After the recent news on BBY, do you still favor these two companies? And as always, I appreciate everyone's comments on all my potential investments!
I hope everyone has a relaxing and family/friend oriented holiday season. When the money is gone and our jobs are over - and for most of us, it will be gone some day:) - our family and friends will be all we have left! (We all, myself included, really need to heed this advice!)
Paullie |
