|My Wealth Builder Buy List|
|Shaw Communications B (SJR)||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 and POT were up significantly, and SJR and AVT were up slightly. Thus, the overall portfolio gain doubled from the last update. Also, I have sold the remaining 100 shares in AVT during the rally last week.
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.
The recent events (credit crunch, central bank interventions) originally had convinced me that the bull market is in its last stage, and I was considering closing out these positions during the next significant rally. However, the Fed rate cuts of 0.5% for the discount and Fed funds rate of September 18, 2007 lead me to believe the bull market will last about another year. So I will be updating my stock picks from the modified Unemotional Investor Growth system and add new purchases in the coming weeks.
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This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC