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Investing & Financing: Stock Watch List

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      CommentAuthorEric
    • CommentTimeMay 9th 2006 edited
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    Just got my Scottrade account funded as of this morning and I'm curious to know who else out there is actively trading and what are some stocks that have been performing well for you lately?

    Proud founder of YGG
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      CommentAuthorjdoc
    • CommentTimeMay 9th 2006 edited
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    I haven't been too busy the past while, but I recently sold my shares in SunOpta (Nasdaq: STKL, TSX: SOY). It did well for me (bought around $7 Cdn, sold early at $10.50), but their acquisition-led growth hasn't met expectations. People really piled in the past few months partially because of the possibility of mandatory ethanol minimums in gasoline. Just pointing this one out since it's good to know what to avoid as well as what to look for.

    On a macro scale, I've been riding Gold and Energy. Don't know how much longer these will go, but I expect things to continue as long as the U.S. economy stays strong on the consumer side and geopolitical concerns (ie. Iran) keep a premium in oil.

    Investoid - Finance and Investing in Perspective
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      CommentAuthorKMulligan
    • CommentTimeMay 9th 2006 edited
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    Actively trading will over time reduce % returns and bring in taxes between 15-30% if you hold for less than a year.

    I prefer to buy and hold... value investing. I've got a [url=http://www.morningstar.com/]Morningstar membership[/url]. My portfolio is up around 4% since mid-February. I've got 20 stocks picked, as well as 1 mutual fund.

    Yay for high yield stocks.

    Also, the risk/reward for small company stocks versus large company stocks is very small at this point. Great companies like Dell (dropped 4.65% today), WalMart, Anheuser-Busch (invested in, with Warren Buffet too), Coca Cola (invested in), eBay, Microsoft, PepsiCo, Walgreen, Sysco, ... these are all sitting right at or very near their 52-week lows. All are high quality companies that can withstand a recession and have huge shares of their markets.

    The best way to insure your long term growth is really to find a great mutual fund with relatively low expenses (<1% of assets), and continually feed it money. Might I mentioned Selected American Shares (SLASX), which I'm invested in, and the two managers were named managers of the year by Morningstar? They've also got millions of their own money invested in the fund -- talk about aligning management's interests with investors.

    My 2 cents... buy low, sell high, buy good companies at great prices or great companies at good prices when the market overreacts to recent bad news. Then simply wait.

    My Personal Finance Blog

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