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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: - with a K who wrote (18357)	1/4/2004 11:36:13 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78498

Well - i have several portfolio's and deploy different strategies with them. My portfolio related to most trades posted here returned a fairly mediocre 25% only, mostly due to my high average cash position of about 45%. In retrospect I should have gone 100% long and held onto my many winning stocks much longer, On the other hand, the strategy to take quick profits has provided positive returns of about 18% p.A with positive returns in any year but 2002, which I think is an OK return. I try to modify my strategy to hold some of my stocks with home run potential longer and hope that the wins will make up for the losers. Going forward, i think that it will be much more difficult to make money with buy and hold, so i will stick with trading out of stocks I consider to be fairly valued and don't have home run potential. I will also stick with my FA quality criteria (another think that has humbled my return but would have saved me a lot of money in 2002). I have learned that there does not seem to me a simple market beating strategy that works in any given time period for me - what works well in one year may be a bust in the other. Overall I have learned to ignore the market to a large extend, as I have pointed out before on this thread, i work to achieve an absolute return ,regardless of the market conditions. FWIW I also do have a buy and hold portfolio, mostly in foreign equities, that has returned around 50% this year in US$ but over the last 5 years the return is less than for my trading portfolio and the volatility was much higher.

To: - with a K who wrote (18357)	1/5/2004 8:15:27 PM
From: TimbaBear	Respond to of 78498

Thread, how did you do in 2003? What was your best or worst move? Regrets? Lessons learned? Methodology for calculation of return was 12/31/02 balance plus all deposits minus all withdrawals equals 1/1/03 starting balance. Compared to balance at 12/31/03. I have 4 accounts self-managed at a brokerage: My Roth: up 481.36% Wife's Roth: up 247.05% Joint acct 1: up 80.76% Joint acct 2: up 115.92% Combined Total Portfolio performance: up 171.98% Best selection was TRCI, perhaps worst move was EK. Obviously, with this kind of return, I have no regrets! Lessons learned? How unbelievably difficult it can be to hold on to a big winner and let it become a much bigger winner. Timba