Buying and Holding beats trading hands down. Even if you are a good trader, by the time you take into account trading expenses and tax implications, you can't beat a well selected portfolio of stocks. We personally believe this is true in most cases. Of course it depends on the trader. But as with most things related to the market, opinions are irrelevant.
Performance is what counts.
For this reason, we plan to conduct a project during the year 2000. In the other portfolio, we will trade for the year. The goal of the portfolio is not to trade for the sake of it, but to do so often enough to make money, just as we normally would. There may be times when it makes more sense to hold issues and that will be fine. The point is that the second portfolio will have the flexibility to trade.