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StockNewb -- Given what you've said here, and your thinking that the market is headed upward, perhaps options would be a better strategy for you. You could use that 15% of your nest egg to purchase long-dated (January 2012? January 2013?) call options on (say) SPY. They won't cost you very much, and if you get the run-up you expect, you can do very nicely.

good idea...

( when i was young and wild, i used option -- fed the Gambler and with limited down-side /where margin has larger down-side

and it worked GREAT ..until it didn't work. )
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