Turns out BGS foods and Altria were very good choices for the
year. Everyone needs to eat, drink and engage in one of the seven
deadly Zins on the odd occasion.
|Change is coming - Finally
I think Sharon Angle has a reasonable chance for ousting
our local embarrassment to the free world. That is, if she can
manage to keep her mouth shut for a couple more weeks. The sad thing is
that most of us are voting against a candidate, rather than voting for
one. That is the case in this election too.
Odds are the
Conservatives are going to take control of at least one house and I
think the markets are will breathe one big collective sigh of
relief.......and then rally because the specter of gridlock will once
again become reality.
If one were to position their assets into
quality stocks with a little speculation mixed in for good measure, one
could make out quite well.
Bank of America
Well, this one did
not work out well as the demonization of big banks continues.
What the news does not say regarding robo-foreclosures, is that 95% or
better of those foreclosures are fully warranted.
I fail to see how this is a big deal and I don't think that it is,
except in the minds of the pinheads in the media.
Anyway, I decided to take this one to 5% of the portfolio.
many well respected analysts and fund managers have given CITI the two
thumbs up to ignore it. Goldman Sachs is the latest to join the
party, with a near term price prediction of 5.60 or so.
theory is that CITI will continue to improve as the government
continues to unwind its position in the company. Makes sense to
Still, I think it is worth a position of about 1.5% of the portfolio. I got in at 4.03.
Standard Pacific Homes (SPF)
Pacific (SPF) is once again cheap enough to consider looking at. I got
back in at 3.67 and expect I will be seeing over 4.00 in the not too
distant future. It moves around enough not to make money if you have
What I do is sell somewhere over 4, take half the
profits and add that to the quality section of the portfolio, and add
the other half back into the speculation bucket.
It works out pretty well.
decided to take myself up on my own advice the beginning of October and
temporarily move Fidelity GNMA and Fidelity Growth and Income into
Fidelity Value. So far I have a 3.8% gain for the GNMA's and a
1.7% on the G&I. I would have done this sooner but when you
are working with OPM, more caution is not as profitable, but
If the market rallies as expected when boatloads
of Dems get handed their walking papers, this should add nicely
to the G&I portion of the portfolio.
The dems must be
sweating it and are pulling out all stops. Apparently some voting
machines have 'Vote All Democrat' pre-selected. Just when you
thought there couldn't possibly be another new low........
Some of the last blooms of the season.