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June 2008 Stock & ETF Picks
This past month was a good month for stocks and a bad month overall for Financials and to some extent oil related companies though not necessarily oil itself. Overall my monthly portfolios did alright. Last year's June picks portfolio closed early this week. The selections over all were down 4.69% but that was compared to an overall decline in the S&P 500 of 8.51% during the same time frame. I guess you could say I'd like to be up for my picks but I'm happy to be beating the market. That makes the first 6 months of selections as winners for me as they all beat the market. I wasn't sure if this one would hold either, after all, I chose IMB which is now only worth 6% of what is was 12 months ago. Interestingly I almost added the stock back to my buy list this month but I figured I'd stick with my current Financials C and WM.
This month I've decided that I am going to be anticipating oil at $100 per barrel at this time next year. That doesn't mean that it still might get to $150 but I think we're due for a correction and $100 seems about right to me in 12 months. Because of this I'm going to make some risky ads to my list that I believe could make or break it based on my anticipated projection of the price of oil. I'm dropping the OIH ETF fund and adding a short ETF fund that inversely tracks oil by 200%. That means if oil goes from current $125 to $100 (20% decline) over the next 12 months this fund will increase by 40%. I'm adding DUG to the list. I'm also adding Ford (F) as Kerkorian seems to see good things in them and so do I assuming oil starts trending the other direction. They can't fall forever; they've got a nice lineup of vehicles in line over the next few years to come and they are a slimmer company now down almost 80% in stock price since SUVs were en vogue. Lastly I'm expanding my picks to 20 this month by adding KGC for inflation protection via gold and SIRF for some technology exposure. I don't forsee this company declining anymore as it has over the past 6 months. The credit markets appear to be a few stones throw away from this companies business line. See below for my June 2008 selections and take a look at my hub for past stock performance and past selections.
This month I've decided that I am going to be anticipating oil at $100 per barrel at this time next year. That doesn't mean that it still might get to $150 but I think we're due for a correction and $100 seems about right to me in 12 months. Because of this I'm going to make some risky ads to my list that I believe could make or break it based on my anticipated projection of the price of oil. I'm dropping the OIH ETF fund and adding a short ETF fund that inversely tracks oil by 200%. That means if oil goes from current $125 to $100 (20% decline) over the next 12 months this fund will increase by 40%. I'm adding DUG to the list. I'm also adding Ford (F) as Kerkorian seems to see good things in them and so do I assuming oil starts trending the other direction. They can't fall forever; they've got a nice lineup of vehicles in line over the next few years to come and they are a slimmer company now down almost 80% in stock price since SUVs were en vogue. Lastly I'm expanding my picks to 20 this month by adding KGC for inflation protection via gold and SIRF for some technology exposure. I don't forsee this company declining anymore as it has over the past 6 months. The credit markets appear to be a few stones throw away from this companies business line. See below for my June 2008 selections and take a look at my hub for past stock performance and past selections.
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