I still am a very inexperienced investor, so take this FWIW...
I hold what I have in my core port build around picks from the Money 30 and Wired 40 indexes. I am actually considering dropping BRKB and SAP, which are two picks I made out of the discipline, and which, alas, have underperformed. I'm definitely considering dropping my SAP, which just disappointed on earnings.
Now, I also have a friend who works at a local auto plant - buddy from high school. He made 60k at his job last year. He made 140k trading options. So, this is the year I get into options. I am following the recommendations from a newsletter online, the same one he uses. I have set aside an options trading "pool" of cash, and I intend to trade that pool up on the picks from that newsletter.
My core portfolio from the Money 30 and Wired 40 indexes is pretty well established, and except for a quarterly amount I intend to put into it, I am not buying or selling in it.
I also bought some Jan 2001 LEAPS on WCOM. I have a notional "Gorilla LEAP" strategy. I expect volatility to continue. When the broad indexes drop deeply, I intend to plough some cash from option profits into LEAPS on dominant companies in their sector: WCOM, MSFT, CSCO, DELL, maybe AOL.
I'm a grad student. In the first 3 trading days of 99 I paid my tuition for the semester. I don't expect that to continue (though for next week, I do) straight up the whole year, of course. But I plan on beating the 8% interest on my loans by a good margin. I inherited some money from my mom, who passed away a few years ago. I intend to build a portfolio which will help finance a house, kid's education, etc. She was a gem. |
