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. Read more
Well, it was about time that we at doitinvest.com we start our own public investing portfolio. And so we did with our no.1 portfolio. Today we are going to describe here our principles of creating this investing portfolio. In future doitinvest blogs we will also monitor the health of this stocks portfolio, as well as its performance.
The portfolio we chosen looks like this: Read more
After the recent growth in the US banks shares, we at doitinvest.com though it would be interesting to update and see how our portfolio looks like. One of the first blogs here at doitinvest.com was analysing the bank shares and ended up with a sector prudent buy reccomendation. Read more
In a previous article doitinvest.com was already pointing at the high risk associated with the investments in the banking and financial services sector shares. We came up with specific data and information showing that huge losses from the subprime/real estate portfolios write downs (US$ 7 billion only in 2007) and we showed that this sector has become very risky because of its lack of transparency (despite applying the Basel 2 rules, or maybe because of them!).
However, risky means higher profit (or loss!) opportunities for the investors, so some of you might be interested in going ahead and speculate the current situation. What should you do? Read more