Harvey Silver doesn't trust research analysts. Just before the bull market came to a screeching halt in 2000, the 70-year-old retired health-food distributor in Forest Hills, N. Y., started to triple-check every recommendation they make. He pores over 15 financial publications every month. He surfs the Web for independent research. Then he digs into mutual-fund reports to see whether the pros have big positions in his chosen stocks. "That's a pretty good endorsement," says Silver, whose portfolio is up 6% so far this year. "You can piggyback off the mutual funds."
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