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Stock Portfolio

By February of 2000, we had achieved our goal of reaching a 0 risk portfolio (see below). Since that time we have suggested that the average investor own zero (0) stocks and zero (0) mutual funds.

• H2O / Water
  A special collection of stocks for risky times.

• 0 Risk Portfolio
  What we attempted to do was create a 0 (zero) risk portfolio based on a Risk vs. Return theory. First, we invested 100% of our investment funds in high risk stocks. But, because we did not invest in just one stock, the overall portfolio's risk was reduced. Whenever we could, we took our profits off the table. We would also keep some of the shares from each company (never selling our entire position.) Eventually, we were left with 100% of the original funds back in our hands. Therefore, we have achieved our goal of 0 risk.

  We are also left with a sweet, diversified portfolio. It includes shares of Spyglass, US Wireless, Open Text, ILink, Reuters, Lockheed Martin, WIT Capital, and many small companies that specialize in the Internet and/or Wireless Communications.

• Fuel Cells
  While we are waiting for the markets to hit their lows, we've been keeping an eye to tomorrow. Energy continues to intrigue us. Independent energy plants, such as energy cells, hold a special interest. Though we do not recommend large acquisitions, we are buying "a few shares at a time".

• Children's Portfolio
  Some fun ideas for kids or grandchildren.

• Long Term Holdings
  Since there are very few trades in this portfolio, we do not publish the details. It should be noted that this portfolio compliments our other portfolios and includes some shares from most of the stocks that we have ever owned. (Several samples of liquidated portfolios: 1998 Hedged Contrarian, 1999 Hedged Contrarian, and the Volatility Opportunity.)

  Besides a few select Internet and tech. stocks, these holdings also include substantial positions in oil, defense, satellite and drug stocks. A few examples include Exxon/Mobil (XOM), Phillips Petroleum (P), ARCO (ARC), Merck (MRK), Eli Lilly (LLY), Hughes (GMH), and Cisco (CSCO).

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