investmenttool.com Cover Story

Good Start

The New Year has been good to our portfolios. Its probably about time, because if they kept going down there wouldn't be much more money to make anyway. Across the board there are signs of hope. The big question is will we keep them?

The S&P 500 portfolio is standing up .55% for the year. This is a steady performance to a pretty good place to have your money in a bad 2001. Many analysts have predicted a 25% gain in this broad measure. Mostly this is due to historical measures of what the market has done after a recession and aggressive Fed rate cutting.

The technology portfolio is up 5.2% so far. Only IBM has a loss for the year and the conventional wisdom is technology will lead the recovery. Since September 11, it already has, this gain is not guaranteed.

Bandwidth is up 5.7%. Same reason as above. Perhaps it was actually oversold. Don't be so sure. There is still a lot of overcapacity there.

Internet is up 2.4%. Is it possible we're seeing a normal, value-based advance? Down more than 50% since 1999, all I can say is we told you so.

Our 21st Century mutual fund is up 2.8%. At least its not as bad off as Internet.

Our options play is a mess. The stock we pick hasn't broken down or up enough to avoid a massive lost of capital. There is still a week to go there.

2002 has been hopeful so far. Yeah team.

For our front page, click here.

Shmuel Protter
investmenttool.com

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