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We give this high-tech portfolio an A+ for up-market performance and an F for down markets.
A core holding in the High-Tech portfolio has been Cable & Wireless, a stock we like because of its large buyback over the past few years.
In the High-Tech portfolio, and in all of my buyback portfolios, we look for strong value characteristics in stocks, such as low price-to-earnings, book value and sales ratios.
Another market-beating combination, for example, the combination of the five-stock Buyback Dogs portfolio with the ten-stock Buyback Income Index and the five-stock Buyback High-Tech Portfolio, would also give you 20 different stocks.
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I've been buying Cable & Wireless shares for my high tech portfolio since October of last year and still rate them a "buy".
Because my investment discipline requires that I see evidence of an actual buyback before I commit to buy shares, I am not currently buying Microsoft, although should management actually reduce total shares outstanding by next quarter, it will make an excellent candidate for the Buyback High-Tech Index portfolio.
Mr. Applegate sat on the board of an Internet start-up and advertised his own model portfolio of high-tech stocks called the virtual economy portfolio.
Her husband readily acknowledges that he does not understand much about the high-tech companies that dominate his portfolio.
I.B.M. and many other large high-tech companies have hefty patent portfolios, which Mr. Meyerson said deters the companies from suing one another.
If more software patents are allowed, and survive litigation and IPR/CBM proceedings and result in large trial verdicts, we could see a renewed interest in patent portfolio building by high-tech and software companies.
The small handful of investment firms whose cautious managers built portfolios that were light on high-tech stocks in recent years have seen their clients depart in droves.
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