After the Friday's closing bell of the stockmarket, I officially started my own mutual fund that I will watch and monitor for the next several weeks and months. I picked 20 stocks that I consider best of breed companies as I attempted to maintain a diversified portfolio. Here are my picks along with their prices I bought them at in my fantasy portfolio and reasoning behind them.
(AAPL) $172.83 Apple's CEO Steve Jobs is one of the most innovative CEO's ever and the 3 G I Phone will be a big hit.
(AEM) $76.41 A great mining company that has considerable growth and an impressive balance sheet with 0 debt!
(AUY) $14.89 Yamana Gold moves right with the price of gold and is a hot growth stock because of its exposure in South America. Plus gold is going back to $1000/oz.
(CHK) $63.74 Chesapeake Energy is a great way to play energy with the amount of exposure it has.
(FCX) $107.50 Freeport Macmoran is the best way to play mining. It has gold, copper, and silver exposure.
(FSLR) $278.50 First Solar is the best solar stock out there and is still a buy even after being up something like 700% in the last year.
(GOOG) $533.79 Google, along with Wal Mart are the best companies in the world and Google will destroy earnings on July 17th.
(GS) $162.48 Goldman Sachs is the #1 investment bank in the history of the world. This company has over 1.02 trllion dollars in cash and is in great shape.
(ISRG) $271.59 I love the da vanci (not da vanci code0 robotic surgery that this company does. Great growth stock with amazing balance sheet and 0 debt!
(JPM) $33.20 JP Morgan is the cream of the crop in banking. Jamie Dimon in one of the greatest CEO's out there. Look for him to buy Wachovia Bank.
(JRCC) $47.60 James River Coal Company has exploeded this year from $3 and is still growing faster.
(MA) $256.52 Mastercard is my favorite stock ever. Its a great play on financials and retail and Mastercard does not take consumer debt on their balance sheet.
(POT) $221.40 Potash just plain kicks ash. I still like this stock even with the incredible run it has had.
(RIG) $45.05 Transocean is the #1 drilling company in the world and even with oil starting to crack, RIG will still being best of breed.
(RTN) $57.04 The more it looks like McCain will become President the more I like Raytheon, plus it is recession proof and a great way to play aerospace and defense.
(SGP) $21.28 Schering Plough has been beaten down all year and has been on the march ever since it hit lows of $13.
(WMT) $56.29 I worked at Wal Mart for 5 years and I can tell this is the number one company in the world along with Google.
(XOM) $85.74 Exxon Mobil is the largest market cap in the US at almost $500 billion and plenty of cash to go along.
(X) $163.99 US Steel has been sweet this year. I missed this stock at $80 but won't miss it again as it goes to $200.
Each stock will represent 5% or $500 of a $10,000 portfolio and I will monitor its performance. Just so you know the fund's symbol is Semaj.
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2 comments:
I didn't see a performance update yet so I threw one together really quick:
http://i24.photobucket.com/albums/c12/redi5e/untitled.png
Nothing wrong with most of these picks, the market is in evil mode for the next year.
Justin
yea i just noticed your comment. my picks are ok although the prices are a little too high for most of them. if i was a big hedge fund buying and selling i would be making money with them, but just holding i'll end up losing with most of them.
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