Howard, Don't mistake my income portfolio for 90/10. Totally different portfolios with different operations and risk levels.
The 90/10 could show a loss at some time. It never has, but since I am not earning 10% on the 90, it is certainly possible if I hit a bad stretch. So far, this 90/10 cycle (dating from Dec 7) has been frustrating, but far from a loser. Frustrating because I have had more losers than winners. However, it doesn't take many Compaqs, MUs, Merrills, Xilinxs, Lillys, etc. to make up for the losers. For example, CPQ is up 1400% if I lose all the money on the puts I own now. That means I can lose on 14 positions and break even on a portfolio basis. However, this has not been one of my better cycles. I have not had a huge homerun stock, though CPQ is getting close. And my usual stock batting avg. of about .500 is definitely in a slump. Of course, the fact that the market is hitting all time highs every day doesn't help. <g> |
