Tuesday, October 28, 2008

50 Best Stocks, Down But Not Out

The 50 Best stocks of 2008 have let me down. I hope the last couple months of the year will help rebound this ugly portfolio of stocks. Here is the break down...

Out of 50 stocks from 1/1/2008 to 10/28/2008 only one is positive! Genetech, Inc. (DNA) is the only stock in the black (up 18.51%). 49 other stocks are loosers with Cypress Semiconductor (CY) pulling up the rear down a stagering 87.54%.

Keep a look out for a new 2009 list and a complete recap of 2007 picks when we get closer to the year end. For 2009 I may limit the list to 10-15 but I will put up some real cash and track each stock more carefully.


Stay Optimistic

It is hard to stay optimistic in a struggling economy, but if you look hard enough there are signs out there that this economy will soon turn around.

First, gas prices are dropping. I paid $2.22 for gas today! This means consumers disposable income is greater. If confidence in the economy is at question a few extra bucks in everyone pockets should help.

Second, November 4th. On November 4th we will be electing a new president of the United States. With this election will hopefully come some immediate changes to our economic situation. We currently have a president with an historically low approval ratting that nobody trusts. Americans desire for a leader has never been greater.

Third, less noise. Soon people will grow tired of listening to this media noise about the struggling economy and stop listening. Markets will stabilize and we will move on to more interesting issues like Paris Hilton.

Fourth, dollar. We can now vacation in Europe again! The dollar is back on the rise due to the struggling European economy. This will hopefully decrease the number of US companies being bought out by foreign investors taking advantage of the cheep dollar.

It is hard to predict when the markets will return to normalcy, but if we continue to stay optimistic and place our bets on strong companies we can take advantage of these downturns in the markets.

Monday, October 6, 2008

Bought VUG @ $45.01

Bought some VUG (a Vanguard ETF) on today's dip in the market. Hoping for a pop tomorrow when investors try to buy on the low.

Friday, October 3, 2008

Scare Tactics

The current administration has been using scare tactics for far to long, and we continue to fall for these ridicules tricks. It is unethical, immoral, and down right unamerican to use peoples fears to push a flawed agenda. Bush used these tactics to get us into one of the most expensive wars ever with lies about weapons of mass destruction and by trying to link terrorism to Iraq.

We should be able to trust our government not to lie to us, not to try and scare us, and to act fiscally responsible. The statements made by the republican party over the past few weeks have caused hysteria on Wall Street. The Dow drop today of over 700 points shows the lack of confidence in this current administration to work through these economic issues. We desperately need a change. I just hope we have some money left come November.

Here is another alarmist trying to get some ratings.