11-Mar-08
The Return of the Portfolio
After quite a bit of searching, I finally found a portfolio widget that looks like it will serve my purpose. I have placed it on the sidebar and will keep it updated whenever I make changes to my portfolio.
I should mention that the amount it shows me up (or down) is not entirely accurate as it is based off of my current holdings, not losses I took from sales at the beginning of the year. Unfortunately, I can’t get it to take into account those losses for some reason.
Also, the actual amount of money is multiplied by a certain amount, as I like to avoid disclosing specific numbers on this site. Believe me, I wish I had $100,000 to invest!
So let’s take a quick look at what I dare to invest in with the current market:
- Yamana Gold (AUY): It’s a gold stock, and gold has been going strong for a year now. I can’t say I know much of the differences between the various gold stocks, but this one has been highly recommended for months now and does seem to be one of the leaders of the gold pack.
- Cleveland-Cliffs (CLF): A resource stock that has really taken off in the past month. I am a bit worried at just how much it’s gone up recently, actually, and wouldn’t be surprised to see a pullback at some point.
- Google (GOOG): I never got a chance to get into this stock last year – I swear it was high above its moving average the whole time – but after a sharp drop due to bad pay-per-click news, I jumped in. I often hear that leaders from the last bull market won’t be leaders in the new one, but I still feel as though Google is just as good of a company as it was at $700, and that it will be making its way back up there.
- Arena Resources (ARD): Another resource stock, that I honestly do not know that much about. This one was mainly picked based on a recommendation.
- Cosan Limited (CZZ): A major sugar company based in Brazil. They produce ethanol from sugar (which is a much more efficient process than taking it from corn), so this is a green play with agriculture for some support.
- SandRidge Energy (SD): Yet another resource company, this one focused on natural gas. It only went public back in November, so it’s a bit newer than most out there. Supported by a strong management team.
- Patriot Coal (PCX): Because, you know, I didn’t have enough resource stocks. PCX is a recent spinoff of Peabody Energy (BTU). Coal is still in as much demand as ever, and this stock is also supported by a strong management team.
Posted at 08:05 in External Blog | Permalink | Comments () | Top
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