MAY
APRIL
The "Tech Wreck" was also taken advantage of by our
income fund (which we do not publish on the www.)
Starting with Spyglass (SPYG), relatively large purchases
of tech. stocks were purchased immediately after
they suffered from large corrections. Spyglass nearly
double in price during the first week.
Hundreds of shares of Infoseek (SEEK), Lycos
(LCOS), Compaq (CPQ), and Ascend (ASND) were
also hoarded while they could be "bought low."
On March 1, 1999 we became more aggressive in purchasing energy stocks.
Included in our portfolio are stocks, such as, ARCO, Texaco, Shell and
Occidental Petroleum.
Besides being natural contrarian picks, these stocks also pay a healthy dividend.
For instance, Occidental Petroleum is yielding 6.72%.
Coincidentally, on March 2nd the Senate concluded that Y2K may cause more
extensive trouble in poorer countries.
"The year 2000 computer bug may set
off civil unrest in poor countries, undermine economic growth in
Asia, Latin America and Africa, and disrupt global trade in oil
and other commodities"
On January 16, 1999, we consolidated what had been 3 separate funds into one new stock
portfolio. This move reduced our position to less than 20% in equities. Eventually,
the position will be reduced to about 5%. The intent was to sell at market highs.
Then, prepare for increased volatility and "rolling sector corrections". We anticipate
this type of market strategy will be in place until the effects of y2k are known.
Thought has been given to obtaining copies of all of our stock certificates
(just in case our brokerage house experiences y2k failures).
As the
turnover to cash process continues, we will be striving for three things:
real assets - silver, gold, platinum, oil, gas, real estate
rolling sector corrections - severe declines in particular stock market areas, such as,
technology or financial services
We continued to lighten-up on oil stocks. The proceeds were used
to invest in Internet infra-structure companies, such as,
T,
USW/GBLX,
GMH,
LMT, and
ASND/LU.
During the month of April, we lightened up on oil stocks.
Texaco was an easy one to sell... after we had heard that
they sold oil to Serbia during the war. The proceeds from
the sales were used to increase our positions in
Ascend Communications (ASND),
Infoseek (SEEK) and
Compaq
Computer (CPQ).
Definitions
highest interest rate, high liquidity, best insured method to save cash - 13 week Treasury Bills