|My Wealth Builder Buy List|
|Shaw Communications B (SJR)||100*|
|Avnet (AVT) (dropped 9/7/07)||100|
* 2 for 1 split on 8/3/07
Overall, I am still happy with the performance of these four stocks, given that the overall decline of the market. Since the last update, TEX, POT, AVT and SJR had relatively little change. However, the portfolio did lose 2.8% with the 250 point drop in the Dow on Friday, September 7, 2007. I plan to sell the remaining 100 shares in AVT during the next rally.
I continue to be impressed with my commitment to stay invested in these stocks, in spite of the market volatility. In the past, I would have closed out the entire position with this level of volatility. Given the performance of the portfolio, I am glad I held my positions instead of allowing myself to be whipsawed by the market each week. However, the recent events (credit crunch, central bank interventions) have convinced me that the bull market is in its last stage, and I will consider closing out these positions during the next significant rally.
Unfortunately, it doesn't appear that the rally will happen this week prior to the Fed meeting on September 18 :-(
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This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC