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.
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.
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).