I will be more of the set it but monitor it every so often type. While there are pennies out here doing real business, I won't be a part of the flipping crowd....too sharky for me.
The plan is to find about 4 companies - eventually I want to be invested in 10 companies - and apply the Warren Buffet principle to them: Trading less than their intrinsic value, written off by others and shares are currently trading at a discounted price.