Week 3 results - not pretty to be invested

As upsetting as watching your team lose the World Cup, any budding investor has underperformed versus cash for the last 3 weeks. Indeed, as the Dow itself has fallen below 10,000 the result is not surprising and the question of a double dip recession or indeed a "third depression" (yep you heard it here a while ago didn't you.. a week to be exact) has taken hold.

In terms of the stock challenge, the surprise came with Vince - who was this weeks worst performer. A look at Vince's portfolio (which was diversified in Aus but heavily tech weighted in the US) paints a case in point. Diversification is so key. Looking at his US stocks Apple, Microsoft, RIM, Qualcomm and Costco the entire US portfolio lost over 5% during the week. By comparison his diversified Australian portfolio lost only 2% which is pretty good given the conditions. 

So which stocks are holding up well so far? Australian stocks Newcrest, Diamond Offshore drilling and General Property Trust are the three best performers of our challenge. These stocks have lost less than 3% in the last 3 weeks, where most of the stocks have lost over 10%. 

Got a Question? Keep them coming! Leave a comment below (no registration required)

What's Up Jono? www.whatsupjono.com  Finance, Breaking News, Charts, Trends, Opinion
at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER

Although information and opinions are covered in this blog it is not the express intent of the writer(s) that readers take opinion as advice. We are not liable for any actions that come from any topics covered and would like to clarify that whatever opinion that is voiced in the blog is of a general nature and not to be followed without the help of a professional advisor. For any specific advice please seek the advice of a professional financial advisor.