Wednesday, August 29, 2007

Betting on the Market

DISCLAIMER: I AM NOT A FINANCIAL ADVISOR/INVESTOR NOR AM I RECCOMENDING BUYING ANY OF THESE STOCKS....



I decided to jump into the market right now. I put a bit of money into starting a new portfolio for fun. This is to see if DH is right that stocks pay more than mutual funds or try to prove him wrong that mutual funds do better in general than the average investor. I've mentioned this before that DH is dead set that investing in stocks pays bigger dividends than picking mutual funds. I think index mutual funds are the way to go and I prefer mutual funds in general over individual stocks.

DH's current fun money portfolio isn't doing so well right now around 5% but his 401k and our Roth IRAs which are in mutual funds are doing about as well. Last year our mutual funds for the 401k and Roths crushed his stock portfolio which had a terrible year considering the great market.

So my goal now is to see how the last 4 months of the year goes and revamp our entire portfolio at the end of the year. I don't know if we'll position ourselves more into individual stocks or into mutual funds but we'll see. After all being married is compromising and sometimes people just have to learn the hard way about investing. FWIW, DH is getting more into index mutual funds after being burned last year with his stock picks.

DISCLAIMER: I AM NOT A FINANCIAL ADVISOR/INVESTOR NOR AM I RECCOMENDING BUYING ANY OF THESE STOCKS....

What I decided to do was buy these 10 stocks SBUX, TNH, BQI, ELON, POT, PKX, ZOLT, BBY, PNRA, and RL. I'll update the blog periodically on how I'm doing.

3 comments:

Emily said...

Nice picks. I'm not sure SBUX will move anywhere, but the rest of them should be okay. I still think you're right with the mutual fund though. ;) Stocks are not for the average investor... that's why they have professional investors!

Living Almost Large said...

LOL. We're just playing a game right now to see whose correct about investing.

Some of my best plays early this year were CMG and DCX.

greysuits said...

How are you doing?