|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, POT and SJR were up slightly, TEX and AVT were down slightly. Thus, the overall portfolio was relatively unchanged. 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.
This week will be quite an exciting one, as the Fed will make an interest rate decision on Tuesday. Depending on whether a rate cut occurs and the magnitude, the market will either swing way up or way down. It will be a wild ride.
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This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC