As some of you know, Jill and I took part in different mock investment strategies during 2004 just playing out what we might do with $10,000 to invest. The good news is that neither of us lost any of our cold, hard, fake cash.
Jill took the "I'm-too-busy-to-worry-about-this" investment approach which I dabbled in a bit myself. It follows that after no buys or sells, she still is sitting on her original $10,000. A lot of high-paid portfolio managers do a lot worse than that!
As time permitted, I moved in and out of several positions over the year with the likes of Silicon Graphics (SGI), Disney (DIS), JetBlue (JBLU), Anthem (ATH), MWave (MWAV), Sun Microsystems (SUNW), and Wesco Financial (WSC). I finish the year with only one holding and the rest in cash -- Wesco closed on December 31 at $393 per share, valuing that position at $4,716 (an unrealized profit of $132). Together with the cash that's a balance of $12,120.55, +$2,120.55 profit on the year.
I'll hold off patting myself on the back until I can do this with real money, but it has been interesting. I think as time allows I will continue to "trade" into 2005 and see what happens.
