Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: Solon who wrote (6105)	11/14/2000 11:19:13 PM
From: puborectalis	Read Replies (1) \| Respond to of 10042

Naderisms....."A Cash Concentration Though he spends only about $25,000 a year, according to a spokesperson, Nader brings in a pretty decent income: including speaking fees, he earned close to $400,000 last year. Sidney Blum, a certified financial planner and CPA at Successful Financial Solutions in Deerfield, Ill., estimates Nader earned an additional $140,000 from investments last year, not counting capital gains. But Blum thinks Nader’s portfolio — worth about $4.5 million — isn’t diversified enough. The candidate has about 57 percent in cash or near-cash, less than 5 percent in bonds, and only about 38 percent in equities. Of that 38 percent, 25 percent is concentrated in one stock: Cisco. “If you take away the cash, he’s sitting with a high percent in what we’d call aggressive growth,” says Blum. “I’d say that the portfolio’s really overweighted in one stock and in tech in particular.” Nader has an 87 percent concentration in technology, 2 1/2 times the benchmark 33 percent of the S&P. Blum suggests Nader apply some of his considerable annual income towards investments in other sectors, like health care or financials. “If it were an individual client, I’d say sell [some] Cisco and diversify,” says Blum. “We’ d like to have Cisco in every portfolio that we have, but it’s just that too much of a good thing is dangerous.” Other stock holdings include Ziff-Davis, Iomega, Cadence, 3Com, and ACTV. Nader appears to take an interest in rooting out emerging tech players; Blum said he had to troll the Web to track down information on an obscure over-the-counter holding....."