My big and highly successful innovation in 2008 has been short-selling. In effect I have balanced my long positions (shares recommended as buys in the hope of a subsequent rise in price) with a portfolio of short positions (shares recommended as sells in the hope of a subsequent fall in price).
This has made the whole portfolio look more like a hedge fund able to produce positive returns whether stock markets rise or fall. However short selling becomes a less appealing strategy once the market has had a huge fall and when there are signs that shares may have hit bottom.
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