Quite off topic, but perhaps of marginal interest.
There was a contributor to SI a few years back who called himself Rudy, and seemed pretty savvy. His approach was that a safe approach to build a buy and hold portfolio was to invest in sector leaders only. I up set his list as a watchlist sometime in '98, and re-edited it as a portfolio today, inputting the 12/31/98 numbers from Yahoo's historical quotes feature (which are adjusted for splits and dividends). The results are here:
siliconinvestor.com
Down 3.3% in 3 years, during which time the S&P fell 4.6%. Backing out dividends would make it almost a push, I reckon. During the same period the Naz was down almost 7%.
A slight advantage to you, Rudy, wherever you are now.
Not totally fair perhaps, because Rudy would, by his methodology, have thrown out CMGI, for instance, when it stopped being a sector leader. |
