I’ll try not to be negative, but this year keeps getting worse and worse and there are no signs of the market significantly improving anytime in the calendar year of 2011; however, that does not mean we cannot learn from our mistakes. Below is an update of my 4 stocks for 2011:
|Ticker||Initial Price ($)||Price End 9/30/11 ($)||YTD Change (%)|
The biggest question is now to determine whether it is time to sell or hold because these stocks are not getting any better over the next 3 months; however, from a long-term prospective these holdings are good… for the most part. I explain below:
JP Morgan (JPM)
By far, one of the best financials out there. The problem is that none of them are doing well and until there are significant improvements this as well as other financials will continue to struggle.
The problem: The price of oil did not stay high and the economy is struggling. The combination of those two factors mean there is no need or rush for exploration or increased efficiency, which will make any oil stock whimper. I like Schlumberger, but not a huge fan of Petrobras or really very many South American companies right now.
2011 was not the year of rebuilding as many once expected, and if we are not rebuilding then why do we need dishwashers? While the company should do relatively well a couple years out, I just do not have anymore interest in this company.
Bottom line, while you might have already occurred some losses with these stocks, at their current value most of them are steals from where they will be 2 to 3 years out.
Competing Blogger Rankings
|Rank||Site||YTD Return (%)|
|1||Dividend Growth Investor||3.39|
|3||Million Dollar Journey||-5.98|
|4||Money Smart Blog||-13.14|
|5||Where Does All My Money Go||-18.12|
|6||The Financial Blogger||-20.31|
|7||My Trader’s Journal||-35.82|
|8||The Wild Investor||-37.26|
|9||Beating the Index||-45.07|