I made some big changes to my IRA about an hour ago. I have been looking at GLD and SLV which I made a lot of money on earlier in the year and got out at their peak. They've both dropped back down, SLV more than GLD, but with all the turmoil and the cloud of AIG hanging over the market I figured this would be a good time to get back into some things that had real and tangible value.
What I sold.
Half of my DRIV holdings
EDD
TIVO
I then purchased what I can only estimate at this point as a 10-12% each in GLD and SLV. I bought a little more SLV than GLD.
What I kept and why.
ATVI,TTWO,SNE. Headed into bad times entertainment is always a good choice. When reality sucks people still spend money to take their mind off of it and entertainment for me at this point is a good hold. ATVI is a for sure with a lot going on with them. I expect more from TTWO than what has happened over the last month and SNE is making me mad, but I still like the my strategy for the long term.
IBM is a strong company in my opinion. I have a vested interest in them so your mileage may vary.
I still have some cash around and may put more in SNE, GLD or SLV depending on what I see over the coming weeks.
Tuesday, September 16, 2008
Wednesday, September 3, 2008
Current Holdings Starting September 2008
It's been a while since I posted. I was in Africa for a few weeks in August and I've been slowly coming back to the real world. We work in some really poor communities there and it is always hard to come back to the "ME" place when you've seen such spirtual wealth in the face of such extreme poverty. I know which one I would rather have and it doesn't have anything to do with this account. Overall I'm only down 6.5% for the year. I think it's been a hard year for everyone in the investment community and I'm pretty happy with that at this point. I think it's all going to come back by the end of the year. Especially after we get this election over with.
That said I've really ignored my account and have not looked at it in over a month. I knew it would be down some, but thought it would be worse. I mostly have not changed it because I don't think anything has fundamentally changed with my holdings. I know FNM and FMC crashed, but it doesn't seem smart to sell them at this point. If they go to zero it's not much farther than they are now so I'll just continue to hold them and make me look bad.
I was looking at SLV (Silver) this morning and see it is at a 1 year low. Glad I sold it, but since there is inflation in the air I'm thinking of buying some of that back for the same reason I made a killing on it last year. It seems odd, but it needs some more analysis.
That said I've really ignored my account and have not looked at it in over a month. I knew it would be down some, but thought it would be worse. I mostly have not changed it because I don't think anything has fundamentally changed with my holdings. I know FNM and FMC crashed, but it doesn't seem smart to sell them at this point. If they go to zero it's not much farther than they are now so I'll just continue to hold them and make me look bad.
I was looking at SLV (Silver) this morning and see it is at a 1 year low. Glad I sold it, but since there is inflation in the air I'm thinking of buying some of that back for the same reason I made a killing on it last year. It seems odd, but it needs some more analysis.
Symbol | Paid | Cur | Acct Pct | Gain/Loss |
| ATVI | $13.44 | 33 | 31% | 146% |
| TTWO | $16.18 | 23.52 | 17% | 45% |
| DRIV | $47.72 | 44.27 | 10% | -7% |
| SNE | $43.88 | 37.45 | 8% | -15% |
| IBM | $117.07 | 116.2599 | 7% | -1% |
| CASH | $1.00 | 1 | 5% | 0% |
| USG | $38.33 | 27.26 | 5% | -29% |
| AMD | $13.69 | 6.17 | 4% | -55% |
| EDD | $19.43 | 14.4 | 3% | -26% |
| STMP | $12.98 | 14.1675 | 3% | 9% |
| EIX | $53.56 | 44.93 | 3% | -16% |
| FNM | $24.52 | 7.3 | 1% | -70% |
| TIVO | $5.89 | 8.87 | 1% | 51% |
| FRE | $23.11 | 5.04 | 1% | -78% |
| JAVA | $17.27 | 8.905 | 0% | -48% |
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