|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, POT, AVT and SJR had relatively little change. However, the portfolio did lose 5% dip with the 280 point drop in the Dow on Tuesday, August 28, 2007, which was recovered by week's end. Dr. Bernanke and President Bush seem to have mitigated the effects of the Mortgage and Credit Crisis on the stock market with supportive comments on Friday, August 31, 2007.
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.
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This is not financial advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC