I happen to agree with the "FOLLOW A FEW STOCKS WELL"
IMHO you only need to own 6 stocks made up of a diversified group.
You might never hit a home run, but you won't go down "taking a pitch"
My favorites are, (no order of preference):
HD,SGP,CSCO,DELL,CPQ,PEI
You probably can identify all of the above except #6, but if you search the symbol ,you'll see a stock that has traded in a relatively narrow trading range and has consistently paid a VERY respectable divided(currently 8.7%) and I can tell you is one of the safest equities you can own. It represents the income portion of my narrow portfolio.
BTW, my picks can be interchanged with the likes of: MSFT,PFE,BMY,etc... but the principles remain the same, 800 lb Gorilla Stocks make up 80% of my holdings and the 20% include
income generating and turn around candidates, hence PEI & CPQ.
Who says you need to be a rocket scientist to be a fund manager? I have bet a few of my Wall Street Guru Buddies that actually control large institutional funds that I can meet or beat their performance with my profile.
It's actually a jock strap/Lawnmower bet, After one year he with the poorest performance has to cut the winners lawn with a push mower wearing only a jock strap. I sure hope I don't loose! |
