Home Depot is one of the very rare big caps to sell at a P/E close to it's forward 12 month growth.
Yeah, Lucius, I was investing in other than tech until this year, and did well, but not as well as I would have if I had stayed in tech. I believe that the tech is not only driving the market, but also the economy, and that I can make the most money by specializing in about 6 to 10 big cap tech's, and moving my money from one to the other as one stock takes off and another one lags. For instance, I have always made money on Intel, but I got out of it when it sagged in March, and bought more Cisco. That move was a winner. I also got out of MSFT and bought SAP. I would have done better to leave it in MSFT. When SAP didn't make a move this month, I sold 3/4 of my holdings in it and bought back into MSFT. I stay fully invested, and I don't try to wait to buy on a pullback. I don't play the options market as of now, because I am not comfortable with it. I was up 38% last year on my portfolio, switched to straight "Tech" investments, and am up 57% this year. I would rather spend my time keeping up with 10 tech's than adding Home Depot, and having to keep up with retail. I don't have a big ego about this, I am sure others on this board have done better, I have been wrong many times, and lets face it, we are all investing into the biggest bull market the world has ever seen!
LindyBill |
