One week ago I rated my stocks on a scale of one to five. I plan on making this a weekly trend and compare each stock to the Dow Jones Industrial Average and see whether my ratings add up. Here's a recap and the performance since the rating:
ATT: 3
Was: 25.60/Now: 26
up 1.6 percent
BAC: 3.5
Was: 18.03/Now: 17.16
down 5.1 percent
F: 4
Was: 7.62/Now: 7.57
down .66 percent
GE: 3.5
Was: 15.84/Now: 16.33
down 3.1 percent
LLY: 3
Was: 33.87/ Now: 35.28
up 4.2 percent
PVG: 4.5
Was 13.71/Now: 14.76
up 7.7 percent
YHOO: 2
Was 16.75/Now: 17.22
up 3 percent
MAS: 3.5
Was 13.16/13.79
up 4.8 percent
I also purchased two water tanker stocks on Thursday. I like these stocks for their incredibly high dividends and their economic recovery and oil plays.
Capital Product Partners LP (CPLP) I've started at a 4. It has an outrageous, but sustainable 23 percent yield, steady earnings and a good forecast.
Was (at purchase) 9.79/Now: 10.09
up 3.1 percent
Navios Maritime Partners (NMM) I've also started at a 4. It carries a 12.44 yield (40 cent/share dividend). I watched an interview with the company's CEO from a few months ago the day before purchasing the stock, and liked what I heard. She emphasized the company's ability to take advantage of Asian development and talked about how the industry had bottomed and was in the beginning of a recovery. NMM had a 41 cent/share earning session last quarter. That's a solid quarter given the world's economy and that it occurred during a "bottom."
Was (at purchase) 12.84/Now: 12.99
up 1.7 percent
The verdict: Not all of my ratings added up (YHOO at a 2 rating was up 3 percent, while F, BAC and GE were all down) but remember, I like to think three to six months out when I rate stocks. Another important note: I don't own stocks that I don't think have potential. YHOO might be my least-favorite stock, but when I have stocks gaining 4, 5, 8 percent in one week (CPLP was up 3.1 percent in TWO days), it doesn't mean it's a bad stock.
The DOW was up 1.9 percent during the last five trading days. My portfolio beat that. I'm not the most-seasoned investor, but when you beat the DOW on a steady basis, who cares?
Week's Doghouse Award: Bank of America
Best bud award: Penn Virginia Group Holdings
This week's possible play: Several of my stocks report Q3 earnings this week. I'm watching YHOO the closest. You could see some sort of sale from me, but I preferably like to have another stock awaiting purchase. Plus, if YHOO increases its forecast (which I doubt), I may hang on a little bit longer. YHOO has already earned me more than 16 percent in less than three months so I will not be greedy with this one.
Non-stock talk: Paranormal Activity scared the hell out of me. A must see. MSU has won three games in a row and plays Iowa this Saturday for first place in the Big Ten.
Monday, October 19, 2009
Monday, October 12, 2009
One to Five
I may just be addicted to the stock market.
I came into work today a little bit sad. Although I was disappointed the weekend was over, I wasn't sad to be at work. Instead, I thought because it was Columbus Day, the stock market would be closed and I wouldn't be able to watch the ups and downs of the Big Board through the day.
A few minutes into the work day, I checked some news sites to see if any client-related news was breaking when I noticed a green arrow on the screen: the market was open! It was like in "Supersize Me" when the guy finally gets his cheeseburger. Happy Days are here again!
I quickly logged on, and my endorphins increased when all eight of my stocks I researched and purchased myself had green arrows next to them. At closing bell, my stocks were up about 1.8 percent, versus .21 percent for the DOW. This week's score: CDP - 1, DOW - 0.
I'm pretty happy with the mix I have. They are diversified in not just different sectors but diversified by the amount of shares I own, some have huge dividends for long-term gain and others I consider short-term purchases.
Although I read months ago, you should rank your stocks from one to five, with five being the stocks that you'd purchase more of today and ones being stocks you may want to sell at any time, I've never done that.
Until now.
AT&T (T): This tech/communication giant has seen better days but still made profits during the worst of the recession. T will upswing nicely when the economy recovers. It has a nice, fat dividend, as well. My biggest concern is government regulation. If Uncle Sam decides T has too much power/control, or worse, that a competitor like Google can eat its share of the pie, profits could take a hit. CDP Rating: 3
Bank of America (BAC): Despite an unknown future at the top, BAC will be just fine. Baring unforeseen circumstances, this is a long-play pick for me. CDP Rating: 3.5
Ford Motor Co. (F): My personal favorite. Best cars in the world (not just America), great leadership at the top, loyal and (most importantly) growing following. I've owned F three times in the last year, making profit each time. I first bought it at $1.88. It closed at $7.62 today. I could care less about that, F's potential is greater. I would purchase more today, but I am awaiting the company's decision to issue more stock. That move will temporarily lower the stock's price, at which time I may go in further. CDP Rating: 4 (will become a 5 if market continues to improve and additional stock has been issued)
General Electric (GE): The American stock. Down but certainly not out. Look around your house. Hell, look around any room in your house - there's probably a GE product in it. It's shrunken dividend was a byproduct of the downturn, but the stock itself will be fine. NBC's limbo is weighing the stock down but in the scope of things, that's temporary. CDP Rating: 3.5
Eli Lilly (LLY): Health care, but the good kind. The kind that makes you feel better, not simply anger you when you receive a bill (like I just did two hours ago). I admit - I overbought this stock a couple months ago. But it's dividend is simply electrifying and I think sustainable. Two weeks ago I sold half my shares to purchase two other positions and have been pleased with all three moves. It's pipeline scares me a bit but the company will be fine if it snags a couple new drugs. CDP Rating: 3
Penn Virginia GP Holdings (PVG): The stock that made a co-worker mad at me. It produces natural gas, and coal (queue the Darth Vader music). It's balance sheet looks great and it's a nice rebound stock because more energy will certainly be needed when our economic engines start revving again. While doing research I had to double check its yield: 11.47 percent. Wow! I've already made 8 percent in less than two weeks. Great play off the LLY sale. Gimme more! CDP Rating: 4.5
Yahoo (YHOO): I'm poo-pooed when I say I owe Google's little (little) bro, but it has some great services and still has 16.5 percent search share. Web advertising, although not as badly hit as traditional advertising, will increase during the next year. I'll probably pull the sell trigger if it goes up a few more points. CDP Rating: 2
Masco Corp. (MAS): Wash your hands! I could care less if it makes you healthy, I just want you to use your faucet - it's probably made by Masco. Home improvement and home installations are expected to rise the next year. That's good for MAS and good for me. The 7.5 cent/share dividend is a bonus. CDP Rating: 3.5
Don't be surprised if I add to this list in the next week or so. If the market hits a bad day, I may add to one of these positions or purchase a new one altogether.
Forget the mall. I might be addicted to the stock market.
I came into work today a little bit sad. Although I was disappointed the weekend was over, I wasn't sad to be at work. Instead, I thought because it was Columbus Day, the stock market would be closed and I wouldn't be able to watch the ups and downs of the Big Board through the day.
A few minutes into the work day, I checked some news sites to see if any client-related news was breaking when I noticed a green arrow on the screen: the market was open! It was like in "Supersize Me" when the guy finally gets his cheeseburger. Happy Days are here again!
I quickly logged on, and my endorphins increased when all eight of my stocks I researched and purchased myself had green arrows next to them. At closing bell, my stocks were up about 1.8 percent, versus .21 percent for the DOW. This week's score: CDP - 1, DOW - 0.
I'm pretty happy with the mix I have. They are diversified in not just different sectors but diversified by the amount of shares I own, some have huge dividends for long-term gain and others I consider short-term purchases.
Although I read months ago, you should rank your stocks from one to five, with five being the stocks that you'd purchase more of today and ones being stocks you may want to sell at any time, I've never done that.
Until now.
AT&T (T): This tech/communication giant has seen better days but still made profits during the worst of the recession. T will upswing nicely when the economy recovers. It has a nice, fat dividend, as well. My biggest concern is government regulation. If Uncle Sam decides T has too much power/control, or worse, that a competitor like Google can eat its share of the pie, profits could take a hit. CDP Rating: 3
Bank of America (BAC): Despite an unknown future at the top, BAC will be just fine. Baring unforeseen circumstances, this is a long-play pick for me. CDP Rating: 3.5
Ford Motor Co. (F): My personal favorite. Best cars in the world (not just America), great leadership at the top, loyal and (most importantly) growing following. I've owned F three times in the last year, making profit each time. I first bought it at $1.88. It closed at $7.62 today. I could care less about that, F's potential is greater. I would purchase more today, but I am awaiting the company's decision to issue more stock. That move will temporarily lower the stock's price, at which time I may go in further. CDP Rating: 4 (will become a 5 if market continues to improve and additional stock has been issued)
General Electric (GE): The American stock. Down but certainly not out. Look around your house. Hell, look around any room in your house - there's probably a GE product in it. It's shrunken dividend was a byproduct of the downturn, but the stock itself will be fine. NBC's limbo is weighing the stock down but in the scope of things, that's temporary. CDP Rating: 3.5
Eli Lilly (LLY): Health care, but the good kind. The kind that makes you feel better, not simply anger you when you receive a bill (like I just did two hours ago). I admit - I overbought this stock a couple months ago. But it's dividend is simply electrifying and I think sustainable. Two weeks ago I sold half my shares to purchase two other positions and have been pleased with all three moves. It's pipeline scares me a bit but the company will be fine if it snags a couple new drugs. CDP Rating: 3
Penn Virginia GP Holdings (PVG): The stock that made a co-worker mad at me. It produces natural gas, and coal (queue the Darth Vader music). It's balance sheet looks great and it's a nice rebound stock because more energy will certainly be needed when our economic engines start revving again. While doing research I had to double check its yield: 11.47 percent. Wow! I've already made 8 percent in less than two weeks. Great play off the LLY sale. Gimme more! CDP Rating: 4.5
Yahoo (YHOO): I'm poo-pooed when I say I owe Google's little (little) bro, but it has some great services and still has 16.5 percent search share. Web advertising, although not as badly hit as traditional advertising, will increase during the next year. I'll probably pull the sell trigger if it goes up a few more points. CDP Rating: 2
Masco Corp. (MAS): Wash your hands! I could care less if it makes you healthy, I just want you to use your faucet - it's probably made by Masco. Home improvement and home installations are expected to rise the next year. That's good for MAS and good for me. The 7.5 cent/share dividend is a bonus. CDP Rating: 3.5
Don't be surprised if I add to this list in the next week or so. If the market hits a bad day, I may add to one of these positions or purchase a new one altogether.
Forget the mall. I might be addicted to the stock market.
Sunday, August 23, 2009
Decisions
Have you ever met someone and wondered how they arrived at the moment where you ran into one another? At work, one of the first things clients ask me is how I got to Oklahoma. The literal way - a 1,000 mile drive from Detroit in a UHaul - isn't what they mean, of course. My answer is usually short: I graduated from Michigan State University, interned at The Oklahoman and then left there after more than four years to work at Saxum.
Of course, it's more than that. It's a series of decisions that landed me to typing this blog in my apartment in Oklahoma's capital. In college, I chose journalism over political science and now am a public relations pro - a nice combination between the two majors. Deciding on my major is one of the ways you could say I arrived in Oklahoma.
I made a series of small decisions yesterday that led me to my mood today. I put an MSU flag over my bedroom window, which blocked early morning sunlight and allowed me to sleep until my alarm for church went off. Rearranging my apartment led me to slice open my finger, which has caused a shooting pain throughout today. I stayed in last night, which refreshed me. I decided to attend Chapel Hill United Methodist Church, which re-energized me.
Lately, I've been wondering about some of my decisions. Could I have handled them differently? Sure. But, it's what I do now that's important.
On Saturday, my oldest brother will marry his fiance. The decision he made last year to ask his girlfriend to marry him will affect him, his wife and their future family forever. While I'm home for their wedding, I will be presented with a wonderful opportunity to reflect on my life in Oklahoma City.
Decisions I make back home could affect the rest of my life. I hope they are good ones. I want to tell the next person who asks how I got "here" a better story than I have now.
Of course, it's more than that. It's a series of decisions that landed me to typing this blog in my apartment in Oklahoma's capital. In college, I chose journalism over political science and now am a public relations pro - a nice combination between the two majors. Deciding on my major is one of the ways you could say I arrived in Oklahoma.
I made a series of small decisions yesterday that led me to my mood today. I put an MSU flag over my bedroom window, which blocked early morning sunlight and allowed me to sleep until my alarm for church went off. Rearranging my apartment led me to slice open my finger, which has caused a shooting pain throughout today. I stayed in last night, which refreshed me. I decided to attend Chapel Hill United Methodist Church, which re-energized me.
Lately, I've been wondering about some of my decisions. Could I have handled them differently? Sure. But, it's what I do now that's important.
On Saturday, my oldest brother will marry his fiance. The decision he made last year to ask his girlfriend to marry him will affect him, his wife and their future family forever. While I'm home for their wedding, I will be presented with a wonderful opportunity to reflect on my life in Oklahoma City.
Decisions I make back home could affect the rest of my life. I hope they are good ones. I want to tell the next person who asks how I got "here" a better story than I have now.
Sunday, August 16, 2009
Political contradictions
The health care debate has me thinking about contradictions from both sides of the political aisle. Between all the yelling, writings and campaign-style ads, the truth has to be in the middle. In the end, I believe a good reform package will be passed.
Here are some of my favorite political contradictions I thought of while running just a little while ago. They are not all my beliefs, but some of them are.
Democrats approve of abortion but don’t think people who murder children should be put to death.
Republicans don’t believe health care for a living child is a right but will fight for an unborn child’s right to health care.
Democrats don’t think freeing Iraqis was worth the fight but think something should be done to remove the powers behind Darfur.
The weapons of mass destruction are hiding behind the jobs created by the stimulus package.
Republicans and Democrats cannot believe Independents don’t stand with them on every issue. Independents decide who to vote for the day before an election after listening to Oprah, Larry the Cable Guy, Toby Keith or Bill Maher.
Republicans voted against the stimulus package because they said it would not turn the economy around. The economy started turning around when the beginning of the stimulus package went into effect. Republicans think that was just coincidence.
Republicans think increased taxes are a waste. Unless they benefited an area where their business is located.
Republicans think Jesus is on their side. I wonder what he’d say about millions of people dying of preventable sickness because they don’t have health care in the world’s most powerful country.
Democrats think George W. Bush was against free speech. They also think health care reform protesters should be silenced.
Drug companies were against Bill Clinton’s 1994 health care reform package. Now, they support Barack Obama’s similar program. Cha-ching!
Democrats are against special interests. Unless they are trial lawyers, unions or environmentalists.
Republicans believe in the right to bear arms. Unless you’re black and live in Detroit.
Here are some of my favorite political contradictions I thought of while running just a little while ago. They are not all my beliefs, but some of them are.
Democrats approve of abortion but don’t think people who murder children should be put to death.
Republicans don’t believe health care for a living child is a right but will fight for an unborn child’s right to health care.
Democrats don’t think freeing Iraqis was worth the fight but think something should be done to remove the powers behind Darfur.
The weapons of mass destruction are hiding behind the jobs created by the stimulus package.
Republicans and Democrats cannot believe Independents don’t stand with them on every issue. Independents decide who to vote for the day before an election after listening to Oprah, Larry the Cable Guy, Toby Keith or Bill Maher.
Republicans voted against the stimulus package because they said it would not turn the economy around. The economy started turning around when the beginning of the stimulus package went into effect. Republicans think that was just coincidence.
Republicans think increased taxes are a waste. Unless they benefited an area where their business is located.
Republicans think Jesus is on their side. I wonder what he’d say about millions of people dying of preventable sickness because they don’t have health care in the world’s most powerful country.
Democrats think George W. Bush was against free speech. They also think health care reform protesters should be silenced.
Drug companies were against Bill Clinton’s 1994 health care reform package. Now, they support Barack Obama’s similar program. Cha-ching!
Democrats are against special interests. Unless they are trial lawyers, unions or environmentalists.
Republicans believe in the right to bear arms. Unless you’re black and live in Detroit.
Sunday, July 12, 2009
The List: 21st Century Breakdown
I love lists. I love Green Day. After listening to the band's new CD, "21st Century Breakdown" nonstop on runs and in my car since mid-May, I think I have a sense of my favorites songs. I've ranked only my favorites from the CD. The others aren't bad. They just don't stick out to me.
Today's list: 21st Century Breakdown
The Static Age
- "Coca Cola execution." I love that line. Should be a single.
Know Your Enemy
- Catchy. Great energy. The Conan performance is my favorite TV appearance by them ever.
Before the Lobotomy
- Billie Joe's best vocals ever.
21st Century Breakdown
- This one really grew on me. The song changes about four times. "The last one born. The first one to run. My town was blind from refinery sun." Love it.
Peacemaker
- Bonus points for the Detroit reference. Still a great depart, musically, from the rest of the CD without the Motor City line.
East Jesus Nowhere
- "Missionary politicians," "cops of a new religion," blasphemy and genocide. The end of the world never sounded so good. I don't think the church will be using this song on any upcoming fund-raising campaigns.
Viva La Gloria?
- I think this would be a fantastically weird song to dance to at a wedding. Maybe my brother will get it on for me.
21 Guns
- There's a great climax to this song. I can't help but think, though, that the song could have been better.
American Eulogy
- Old-school Green Day at its best. Fast, makes you want to break a chair. All while smiling.
Last Night on Earth
- Beautiful song. "If I lose everything in the fire/I'm sending all my love to you. With every breath that I'm worth here on Earth/I'm sending all my love to you. So if you dare to second guess you can rest assured/That all my love's all for you."
Last of the American Girls
- This song is totally about me. That was a joke.
See the Light
- You and I both, brother.
Viva La Gloria!
- The ugly cousin to the question-mark version. Great lyrics. Still, I can only think of Leigh sending me the wrong lyrics through text when he first heard it. A total "bathroom on the right" moment.
Only time will tell whether I think of this CD better than "American Idiot." AI definitely had more singles and was catchier. That doesn't mean "21st Century Breakdown" is worse. In some ways, it might be even more complete.
Today's list: 21st Century Breakdown
The Static Age
- "Coca Cola execution." I love that line. Should be a single.
Know Your Enemy
- Catchy. Great energy. The Conan performance is my favorite TV appearance by them ever.
Before the Lobotomy
- Billie Joe's best vocals ever.
21st Century Breakdown
- This one really grew on me. The song changes about four times. "The last one born. The first one to run. My town was blind from refinery sun." Love it.
Peacemaker
- Bonus points for the Detroit reference. Still a great depart, musically, from the rest of the CD without the Motor City line.
East Jesus Nowhere
- "Missionary politicians," "cops of a new religion," blasphemy and genocide. The end of the world never sounded so good. I don't think the church will be using this song on any upcoming fund-raising campaigns.
Viva La Gloria?
- I think this would be a fantastically weird song to dance to at a wedding. Maybe my brother will get it on for me.
21 Guns
- There's a great climax to this song. I can't help but think, though, that the song could have been better.
American Eulogy
- Old-school Green Day at its best. Fast, makes you want to break a chair. All while smiling.
Last Night on Earth
- Beautiful song. "If I lose everything in the fire/I'm sending all my love to you. With every breath that I'm worth here on Earth/I'm sending all my love to you. So if you dare to second guess you can rest assured/That all my love's all for you."
Last of the American Girls
- This song is totally about me. That was a joke.
See the Light
- You and I both, brother.
Viva La Gloria!
- The ugly cousin to the question-mark version. Great lyrics. Still, I can only think of Leigh sending me the wrong lyrics through text when he first heard it. A total "bathroom on the right" moment.
Only time will tell whether I think of this CD better than "American Idiot." AI definitely had more singles and was catchier. That doesn't mean "21st Century Breakdown" is worse. In some ways, it might be even more complete.
Saturday, July 4, 2009
MJ
I know I am a little late in the game on commenting about Michael Jackson but I wanted some time to pass. My opinion on his death nine days later has not changed that much. Here it is:
The enormous coverage we saw (and are still seeing) on television, the enormous time radio stations spent playing his songs and the enormous print we read, I think, has more to do with us than Jackson. Multiple times per day since his death I have heard people, including myself, say "I remember when..." We are mourning the part of us that is gone forever. We are celebrating those times through Jackson's music that is here forever.
The earliest memory I have in life is dancing in the basement to my mom's records. One of two artists were usually playing, Barry Manilow and Michael Jackson. I remember when my two older brothers would be at school and I would hang out with my mom as she would clean and do laundry. It's funny, with all those hours spent with mom, I can remember only two songs from that mother-son soundtrack: Manilow's "Bandstand Boogie," and Jackson's "Billie Jean."
From later memories like my dad telling me he liked hearing me sing "Man in the Mirror," to still picturing my friend, Christie, wearing her MJ shirt in sixth grade, to dancing to "Billie Jean" between the 1 and 2 a.m. timeslot at the Copa now as an adult, we can be taken back so quickly to certain parts of our lives just by hearing one single note of a Jackson song. Admit it - when you think of Halloween almost every year of your life, what's one thing that pops into your mind? Answer: Hearing "Thriller" on the radio. Will Halloween for the rest of our lives ever be the same?
Probably.
There will be new memories made with a new soundtrack. The old soundtrack, though, will always sound pretty darn good.
My favorite MJ songs:
1: Rock With You
2: Man in the Mirror
3: Billie Jean
4: Don't Stop Til You Get Enough
5: Thriller
6: The Way You Make Me Feel
7: Black Or White
8: P.Y.T. (Pretty Young Thing)
9. ABC (The Jackson Five)
10. Bad
The enormous coverage we saw (and are still seeing) on television, the enormous time radio stations spent playing his songs and the enormous print we read, I think, has more to do with us than Jackson. Multiple times per day since his death I have heard people, including myself, say "I remember when..." We are mourning the part of us that is gone forever. We are celebrating those times through Jackson's music that is here forever.
The earliest memory I have in life is dancing in the basement to my mom's records. One of two artists were usually playing, Barry Manilow and Michael Jackson. I remember when my two older brothers would be at school and I would hang out with my mom as she would clean and do laundry. It's funny, with all those hours spent with mom, I can remember only two songs from that mother-son soundtrack: Manilow's "Bandstand Boogie," and Jackson's "Billie Jean."
From later memories like my dad telling me he liked hearing me sing "Man in the Mirror," to still picturing my friend, Christie, wearing her MJ shirt in sixth grade, to dancing to "Billie Jean" between the 1 and 2 a.m. timeslot at the Copa now as an adult, we can be taken back so quickly to certain parts of our lives just by hearing one single note of a Jackson song. Admit it - when you think of Halloween almost every year of your life, what's one thing that pops into your mind? Answer: Hearing "Thriller" on the radio. Will Halloween for the rest of our lives ever be the same?
Probably.
There will be new memories made with a new soundtrack. The old soundtrack, though, will always sound pretty darn good.
My favorite MJ songs:
1: Rock With You
2: Man in the Mirror
3: Billie Jean
4: Don't Stop Til You Get Enough
5: Thriller
6: The Way You Make Me Feel
7: Black Or White
8: P.Y.T. (Pretty Young Thing)
9. ABC (The Jackson Five)
10. Bad
Sunday, June 21, 2009
The Week Ahead
I've been thinking about what to post in the ever-important "first entry," and have failed to think of any groundbreaking topic. So, like any writing-block situation, I'm going to go for the easiest of solutions; I'm just going to start writing.
About the name CDP Enterprises: My brother, Paul, loves the stock market. I always thought it was over my head, and most importantly, boring. But in mid-2008, I was home for vacation and I decided to watch Mad Money with him. The show, turns out, is pretty entertaining. Say what you will about Jim Cramer, but he turns a complicated mess into something even I could understand. By the end of 2008, the timing was right for me to get in the market. I needed something on my Christmas list and stocks were cheap. On Dec. 26, 2008, I purchased shares in Altria.
You'd think the "CDP" in CDP Enterprises refers to my first, middle and last name. Dummy - you'd be wrong. It actually refers to me (Chad) as our mythical company's president and CEO; my dad, Don, the company's chairman, and my brother, Paul, as its chief financial officer. Chad, Don and Paul. We've since added my mom as our chief operating officer (we all know that moms run the show), and my brother Matt, as our senior vice president. If you think it sounds dorky, is it. But it's fun.
Stocks:
The market is going up against some public comments from the "Fed," as well as some home sales reports this week. Could be a breakthrough week for stocks, or it could be, well more of the same: some ups and downs. My portfolio hopes to rebound from three straight losing weeks. I dumped Sunoco midweek last week and purchased Delta Airlines and my portfolio rebounded decently. Sunoco's coke sector may help it down the road, but I don't expect oil to rise to where I thought it might when I purchased Sunoco a couple months ago. I'm more balanced now, with Ford Motor Co., Delta Airlines and Blockbuster playing up the economic rebound play nicely. Jaguar Mining - a stock I purchased at $5.26 on Jan. 2 and sold half of a few weeks ago before gold slipped - always has the threat to hit a grand slam. Altria rounds out my positions and seems to be sleepwalking right now. Out of all my stocks, it's the one I'm least attached to, but I expect it to make some cash over the next year.
Unless I eye a stock I fall in love with, expect my portfolio to stay the same over the next couple months. I think the economy will kick start even further the last few months of the year so I may go window shopping in late summer or early fall to see what's available.
Work:
A lot of planning going on, and some media pitching coming up this week. Less writing than last week. That could be good, it could be bad.
I'm out to get some pizza. Stay tuned to this blog. I hope you enjoy it.
- CDP
About the name CDP Enterprises: My brother, Paul, loves the stock market. I always thought it was over my head, and most importantly, boring. But in mid-2008, I was home for vacation and I decided to watch Mad Money with him. The show, turns out, is pretty entertaining. Say what you will about Jim Cramer, but he turns a complicated mess into something even I could understand. By the end of 2008, the timing was right for me to get in the market. I needed something on my Christmas list and stocks were cheap. On Dec. 26, 2008, I purchased shares in Altria.
You'd think the "CDP" in CDP Enterprises refers to my first, middle and last name. Dummy - you'd be wrong. It actually refers to me (Chad) as our mythical company's president and CEO; my dad, Don, the company's chairman, and my brother, Paul, as its chief financial officer. Chad, Don and Paul. We've since added my mom as our chief operating officer (we all know that moms run the show), and my brother Matt, as our senior vice president. If you think it sounds dorky, is it. But it's fun.
Stocks:
The market is going up against some public comments from the "Fed," as well as some home sales reports this week. Could be a breakthrough week for stocks, or it could be, well more of the same: some ups and downs. My portfolio hopes to rebound from three straight losing weeks. I dumped Sunoco midweek last week and purchased Delta Airlines and my portfolio rebounded decently. Sunoco's coke sector may help it down the road, but I don't expect oil to rise to where I thought it might when I purchased Sunoco a couple months ago. I'm more balanced now, with Ford Motor Co., Delta Airlines and Blockbuster playing up the economic rebound play nicely. Jaguar Mining - a stock I purchased at $5.26 on Jan. 2 and sold half of a few weeks ago before gold slipped - always has the threat to hit a grand slam. Altria rounds out my positions and seems to be sleepwalking right now. Out of all my stocks, it's the one I'm least attached to, but I expect it to make some cash over the next year.
Unless I eye a stock I fall in love with, expect my portfolio to stay the same over the next couple months. I think the economy will kick start even further the last few months of the year so I may go window shopping in late summer or early fall to see what's available.
Work:
A lot of planning going on, and some media pitching coming up this week. Less writing than last week. That could be good, it could be bad.
I'm out to get some pizza. Stay tuned to this blog. I hope you enjoy it.
- CDP
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