Boring Portfolio The New Boring Port: A Stalwart in Transition!
Foolish Answers to Common Questions

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By Dale Wettlaufer (TMF Ralegh)
October 1, 1998

1. Greg Markus (TMF Boring) managed the Boring Portfolio from January 29, 1996, to September 30, 1998. Greg's archive of past trades will always be available here on the Fool.

2. Dale Wettlaufer (TMF Ralegh) and Alex Schay (TMF Nexus6) are the new managers of the Boring Portfolio as of October 1, 1998. The portfolio will still be named Boring.

3. The Boring Port's historical returns under Greg's management will be available here in perpetuity.

4. Dale and Alex will assume all responsibilities of the portfolio beginning October 1, however, and they will decide over the coming weeks (after describing their investment approach) which current Bore stocks to hold and which to sell. Because this is a real-money portfolio, these are all real positions.

5. As with all of our portfolios, reasons for selling any position will be Foolishly provided (in this case, by Dale and Alex), and all sells (and future buys) will be announced at least one day in advance.

6. Introductory columns will run today (Oct. 1) and Friday, and beginning next week columns will run only on Monday, Wednesday, and Friday -- three times a week. With fewer daily deadlines, Dale and Alex will frequent the Boring Port message board for conversation even more actively. In fact, the Boring column will serve as a springboard to the message board -- to an entire community discussing Boring stocks.

7. Boring Port returns will continue to be calculated and shared daily, even on Tuesdays and Thursdays (when there is no daily column).

8. Dale and Alex will be given a clean start in determining their returns so that we can fairly measure their performance against the S&P 500, but again, the historical Boring Port return since January 29, 1996 will always be available here in the Boring Port, too.

9. The returns under Dale and Alex will begin to be calculated once the unwanted stock positions are sold, and before any new positions are bought. Essentially, they'll trim the portfolio to only stocks that they want the new Boring Port to own, and then the return for the portfolio under their management will immediately start to be calculated.

Fellow Foolish investors, if you have any questions, comments, suggestions, or flames on the Boring Port transition and on the new Boring Port as it progresses, please post them on the portfolio's message board, where every comment will be Foolishly addressed and discussed.

We hope that you enjoy the new portfolio, and Fool on!