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August 16, 2005Stock PickingAlright, I was stupid and got smacked by a $40 fee because I didn't make any trades last quarter. Last time that's going to happen. I was swamped with work-related issues, so didn't do any research. Since I had no market knowledge, felt stupid making a trade. Which is even more ridiculous, because it probably cost me MORE money not to trade than it would have if I had just picked some random stock to invest in. Even with the MBA, I haven't really subscribed to any portfolio theory. I am somewhat diversified, but not invested heavily enough for any portfolio management philosophy to apply. I should probably change that. My itty bitty portfolio has gone up 35% over the past year, mostly carried by one stock in the energy sector. That was a good tip on Cameco, or CCJ. As oil prices keep going up, people will start looking for alternative means of fuel. Cameco is a uranium producer. So CCJ shot up a few months after I added it to my portfolio. If you factor that one out, then I'm only up about 12%. Damn you, Jet Blue. I know it's stupid, I know better than to hold an airline. But the appeal of owning just a wee bit (fewer than 20 shares, no biggie) is just fun. Plus, me being the optimist, I think JBLU still has wings in it. Just may not see any profit until oil prices go down. Anyway, I should throw some more money into the market. Anyone got any ideas? Posted by carolyn at August 16, 2005 11:22 AM CommentsYup! One I'm thinking about is Gamestop (or the company that owns them -- I need to do some research there). With the rising prices of game consoles, more and more people are going with used games, and Gamestop's been growing like a weed lately. Posted by: Dave at August 19, 2005 02:59 PM Nothing wrong with cash. Diversify. Posted by: Brady at August 19, 2005 03:30 PM Post a comment |
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