1. Should I even own speculative investments in the first place?You've probably heard that you shouldn't invest your money in the stock market unless you have at least five years to keep it there. The idea is that you have enough time to make back any money you might lose. But when it comes to particularly aggressive investments -- say tech or biotech funds -- you've got to give yourself even more time than that. Think 10 years or more.
Investors need to consider taxes. The IRS offers you four options to determine cost basis.
The Hartford Capital Appreciation fund skipper is light on tech, but he does see some winners.