stock bull,
If I can just chime in, I agree with most of what has been said, but the way I manage my total return is to take 60% of my IRA and put it into long term good dividend stocks that just sit and accumulate. There is nothing more satisfying than opening your account and seeing all the distributions sitting there without you doing anything.
I them trade a few of them, as you suggested, to maximize the total return, always being sure I am in by the necessary holding date. That take a lot of time, and some market luck.
I them use the balance of my account to swing trade, using mostly ETF's such as TZA, SPXU, etc. For example, I bought JPM the other day and sold it the next day for well over a point. That increases my overall return a great deal. I have run as high as 5% a month, and as low as 2% a month, but either way, it outperforms most money managers!
Good luck to you! |
