The Internet Forever Portfolio

This column was originally published on RealMoney on Nov. 8 at 2:17 p.m. EST. It's being republished as a bonus for TheStreet.com readers.

Sometimes you have to take matters into your own hands.

I believe a decent index of Internet stocks would be a reasonable buy-and-hold over the next decade or so. However, the available Internet indices are all out of date and there's no longer an indexed way to buy and hold the Internet stocks as a basket. So, I'll put together a basket of stocks that I think would represent the Internet. But first,

For instance, it used to be you could simply buy the Nasdaq 100 Trust(QQQQ Quote) as a proxy for the Internet back in 1999. But the makers of the Nasdaq 100, having dropped excellent companies to fill in with Internet stocks at the very peak in late 1999 and early 2000, then committed similar sins by dropping the Net stocks after the bust. ...