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.Read More »Update On Our Doitinvest Investment Portfolio no.1 – U.S. Blue Chip Stocks (5)
General Motors, Ford and Chrysler LLC will be some of the biggest beneficiaries if the new bailout bill will be passed by the Senate. The bill intedns to create a provision of $11 billion which would allow the U.S. taxpayers to deduct for tax purposes interest paid for auto loans and mortgages.
The recent financial crisis has some interesting effects too. As you are just reading this investment blog, a thief could use somewhere in the world a counterfeit credit card with your full name printed on it.