During this time of the year, there isn't much baseball to talk about outside of speculation. Free agents are rumored to be close to signing with teams, but that's all it is -- rumors. But that's what makes America's national pastime so great. Even during the offseason, baseball still gets a lot of attention in the news.
Those who have been reading my columns religously this year may have noticed I have established my own pastime: winning. While I have several picks still in play, I am undefeated on the season. I now sit with 86 wins and zero losses on the books.
I was able to pick up two wins Monday with
, helping to improve my record.
Those are both well-known companies, and there are some big-name free agents that are sought after big time by many teams. Every team could use C.C. Sabathia at the front of its rotation. Forking over the kind of dough he is looking to get is a big lump to swallow, however. Not many teams can afford to sign him. That's why other free agents -- pitchers like A.J. Burnett and Derek Lowe -- are getting a lot of attention. They are effective starters who would cost less money than Sabathia and could turn out to be great alternatives.
The less costly players are therefore in high demand, and who is to say that signing one of these types of players wouldn't be a better choice? This is similar to me picking up companies that are solid but undervalued. I like to play good companies, but only ones that are deep in the money.
By snapping up picks that are deep in the money, I am able to put many great companies in play. I don't have an ace in front of my rotation followed by AAA pitchers. Instead, I have a rounded, strong portfolio full of great companies. If I weren't trading so deep in the money, it would be difficult to play all these picks.
I recently signed a few free agents for my rotation, and they have proven to be shutdown pitchers.
picked up a quick $1,000 win the same day it opened. Yesterday I was able to pick up two wins -- one in United Technologies and the other with Caterpillar. Both are big names as well.
The point is, playing the big stocks can be like putting all your eggs in one basket. You may not have enough capital to play all the other great companies available. Instead, if you were to go deep in the money, you would be able to have a vast assortment of stocks at a fraction of the price.
Some other companies I have been able to take advantage of include
. Sorting through the bargain bin is a great way to find some hot deals that round out my portfolio and most importantly, bring me big returns.
So while some teams may be investing heavily for C.C. Sabathia, and possibly eliminating fixing some other holes, I like to pick up solid players who come at a relative bargain. Going deep-in-the-money is the way to the winner's circle and has helped me to 86-0 and and $223,560 in winnings in 2008.
Always remember: Life is a journey, enjoy the ride!
At the time of publication, Dykstra had no positions in stocks mentioned.
Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."