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."