Fundementals or speculation.
After my last post I felt the need to clairify some things.
So this is a synopsyis of what I have been doing the last year.
I've been running two portfolios the first one is my own based on fundementals and price valuetion.
I try to buy companies I know and use the teachings of Buffet, Graham, and TMF(I also throw in 10% speculation)
The second portfolio is my fathers. Since he is retired and covered by a balanced portfolio,
He gave me some money to make some quick cash with. It really would'nt matter to him if I lost it all.
I went all out speculation. Penny stocks, swing trades,distressed companies I did it all.(never got around to options)
Even though I still believe in my long term view I bet you could take a wild guess which portfolio performed better.
Glad I have a % clause in the contract:)