|My Wealth Builder 5/28/07 Buy List|
|Shaw Communications B (SJR)||100*|
sold @ $40.15
sold @ $85.77
* 2 for 1 split on 8/3/07
Overall, I am still happy with the performance of these four stocks, given that the overall market had a significant drop in August. Since the last update, POT was up $9.24, and SJR was flat. I have owned these two stocks since June, 2007. POT has contributed significantly with a 58.1% gain in that time. SJR has contributed with a 20.9%.
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 have updated my stock picks from the modified Unemotional Investor Growth system, which I will publish later today.
At this point, I have not made any purchases from the new stock pick list, since the market rally has not been very strong yet. However, last week the market rally became stronger and I will consider making some buys this week..
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This is not financial or investment advice. Please consult a professional advisor.
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