Trading is not a game of exacts. Perfectionists need not apply. Markets are made up of many irration...
Win with WYNN
01/07/2005 12:00 am EST
Dr. Leonard Goodall has a unique background among financial advisors; he was the former president of the University of Nevada Las Vegas. Another twist? Despite being editor of No-Load Portfolios, he chose a stock, not a fund, as his Top Pick for 2005.
"If you have some 'high risk' money, I would recommend you put some in Wynn Resorts (WYNN NASDAQ), Steve Wynn's new company that will open a new casino/hotel in Las Vegas this spring. He also has one of the three lucrative franchises for the Macau gaming market, near Hong Kong. This is a case of 'buy high, sell higher'. But if you can wait three years or so, Wynn's successful record of the past is likely to be repeated in his new company."
The key risk-on and off drivers today are the same – U.S. politics, global growth, other centr...