Oh boy, oh boy, oh boy! This is not my year to make the right stock picks! See how things can go sideways even with good companies?
First: Goldman Sachs Lawsuit
What can you expect from a good financial stock when the company is being sued by the Federal government? Nothing but a severe plunge! While I still think that Goldman Sachs is a great company and that they will bounce back (I would buy more of them if I had liquidity right now!), I really picked the wrong time to choose it as a good investment pick in 2010 😉
Second: Research In Motion Investors‘ Disappointment
While Investors were astonished by RIM for several years, they all seemed to turn their back on this amazing company and prefer Apple’s gadgets. I actually have an iPod and will probably buy an iPad eventually so I have nothing against Apple’s iDepartment. However, I still think that the best tool to work with is a Blackberry. The income and revenues are increasing but nothing seems to be enough for investors now that they have found their next flavour of the month!
Third: Manulife Going Down To Hell
I thought that the problems were over with Manulife and I had figured it was a good gamble for this year. Unfortunately, this is not the best pick either… investors seem to be reluctant to give Manulife credit for their operations… hopefully the wind will turn during summer time!
Fourth: Emerging Market On The Sideline
My best pick so far is also negative… man! It’s a bit depressing but I still have faith in emerging markets. They can surge at any moment and this is the kind of stock that can make me gain a few positions in our contest in no time.
So How Did It Go for the Others?
Take a look at the result so far at Q2: only 1 positive portfolio: Dividend Growth Investor at 6.39%!. You can click on each blog to view their comments about their stock pick experience so far this year:
Blog Best Stock Picks for 2010 Ytd
Intelligent Speculator UNG
Wild Investor BAC
The Financial Blogger RIM
Four Pillars DZZ
Where Does All My Money Go FUN
Dividend Growth Investor O
Million Dollar Journey HE.TO
My Traders Journal UUP
Zach Stocks BX
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