Update On Our Doitinvest Investment Portfolio no.1 - U.S. Blue Chip Stocks (5)
Two weeks later after the previous update on our portfolio and the news are not so good. From the very beginning we decided to go for a buy and hold approach. This is something very simillar to what a normal investor would do. After all, not everybody (including our doitinvest.com team, the authors of this blog) has enough time to watch the market and place the deals. And as the technical analyst Martin Pring mentioned in one his latest books, trading often can eat a lot of your profits due to the high percentage of commmissions you pay. In other words, most of your profit can go to the broker, not to your pocket.
Coming back to our Doitinvest US portfolio of shares, the matters are quite simple. After the rally we experienced two weeks ago (see our post on June 9th), the hopes that the recession was over did not materialize. Therefore, some of the big investors marked their profits and sold some of the shares. This of course puched the price down - actually it stopped the rally. Nevertherless, in hindsight it is alaways easy to manage an investing portfolio, but in practice we have to live with our decisions. Which we do.
You might have heard of this already - Ely Lilly has been actively marketing drugs supposed to counteract the Alzheimer disease for older people, which did not work. And this is more than a $6.8 billion suit already - the prosecutors have lots of documents to prove it, according to the media.
I think that the Iphone 3G S was the most awaited gadget on the market this year. Since Apple has sold millions of it, the IPhone has made history. And whilst it is the first mobile phone which commands a share of the mobile phone operators revenues, IPhone remains a sort of refference for the industry.
Today Rio Tinto PLC (RTP), the world’s largest mining company, has announced that it stroke an agreement with Nippon Steel on reducing its prices for the ore iron it supplies to the Japanese manufacturer. The price reduction (contractually agreed) amounted to as much as 30% of the previous year’s prices.
Recently the announcement of the LED TV’s launch seemed like the first good news after long months of waiting expectations from the industry. After all, during the recent US recession, everybody was expecting the electronics companies to come up with new products, at least as a replacement solution for the market-invading LCD TV’s.
In such a bad environment, where travelling and tourism are down more than 20% vs. 2008 (and last year was a bad one too), Accor continues toplan for expansion. It has recently announced plans to expand further its business. Accor, Europe’s largest hotelier, plans to set aside 100 million euros ($132.8 million) a year to buy hotels put up for sale as a result of the global downturn, the group’s chief financial officer said on Sunday.