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Investing Ideas: 2010 Best Stock Picks Contest


As I mentioned yesterday in my 2009 Best Stock Picks article [1], the same fellow bloggers and I have decided to pursue our stock pick competition in 2010. Although I finished 4th with my stock picks last year, I am willing to take more risk this time around and aim for the top 2! Nonetheless, I was very satisfied with my 2009 stock picks since I finished with a considerable return of 44% even with a defensive stock (JNJ) on hand. I do think that 2010 will be a great year for the stock market since there is a lot of room for growth and there is still a lot of hesitation from investors as well.

2010 Best Stock Picks Contest

The rule of our contest is fairly simple: each Blogger will pick 4 stocks they think they will overperform through 2010. We can pick any stock, ETF, etc in the Canadian or American Stock Markets. In order to make it fair, we also include the dividend yield of our stock picks (because it is part of the investor’s yield anyways). This is a friendly competition, so you won’t see any stock picking recommendations here. You are more than welcome to comment and add your analysis of those stocks as we probably picked them for some reason 😉

So here are my choices for the 2010 best stock picks contest:

[2]

[3]Research In Motion (TSE: RIM, $71.03 )

This is a half rational, half emotional stock pick as I really like my Blackberry 😉 Nonetheless, I think that RIM stock has been unjustifiably pummelled by financial analysts since the company has announced lower results than expected. Financial analysts are also afraid of Apple’s attack on RIM’s market with the iPhone. I would say that the Blackberry and the iPhone are 2 really cool intelligent phones but they are nowhere close to be comparable competition. They actually don’t serve the same purpose! In addition to that, the recent strong earnings and the agreement to enter China will soon affect the investors decisions and restore their trust in this stock. I think we should get pretty good 2010 results for RIM!

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[4]Manulife Financial (TSE: MFC, $19.33 )

Another of my investing ideas for 2010 is to go with Canadian insurance companies. Why? Simply because they took a hard hit in 2008 (as Canadian Banks did) but they didn’t come back as strong as Canadian Banks. I think that Manulife had its share of problems with their involvement in the US. However, if they are able to boune back with strong numbers in 2010, it won’t take long for them to gain investors’ trust again. Plus, its dividend (almost 3%) makes it a great investment idea for your portfolio in 2010.

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[5]Goldman Sachs (NYSE:GS, $168.84 )

I am leaning towards financials again for my 3rd best stock pick for 2010. If the economy starts picking up in Stateside (which will  happen eventually), Goldman Sachs will definitely be poised to benefit from the economic revival. Financials that survived the credit crunch should be in a good position for 2010. The idea behind this investment is based on planning on an economic rebound in the States. I hope I am right on this one… if not, this pick could be the worst one of my portfolio in 2010 😉

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[6]Vanguard Emerging Market ETF (NYSE: VWO, $41.00 )

My last investment idea for 2010 is to invest in emerging markets. Nothing really innovative here but I am not picking stocks to be creative, I am picking stocks that I think will be the best performing ones in 2010 ;-). Since US consumers may still have a hard time in 2010, I preferred to play safe and look towards countries that enjoyed great economic growth in 2009.

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So here are the other participants and their investment ideas for 2010:

BlogBest Stock Picks for 2010Ytd
Intelligent Speculator [7]UNG
JJN
SOHU
GOOG
0%
Wild Investor [8]BAC
VALE
CAT
SLB
0%
The Financial Blogger [9]RIM
MFC
GS
VWO
0%
Four Pillars [10]DZZ
GLL
DGZ
HIG
0%
Where Does All My Money Go [11]FUN
HAT
ADD
CAR
0%
Dividend Growth Investor [12]O
KMP
ED
PM
0%
Million Dollar Journey [13]HE.TO
MFC.TO
CVE.TO
QLT.TO
0%
My Trader's Journal [14]UUP
DVY
UCO
SSO
0%
ZachStocks [15]BX
AGO
ICE
SLV
0%

*Disclaimer: this is a friendly competition among bloggers. There are no recommendations done in those posts. One must do his own due diligence before trading on the stock markets.

[16]

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24 Comments (Open | Close)

24 Comments To "Investing Ideas: 2010 Best Stock Picks Contest"

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#3 Comment By Doctor Stock On January 1, 2010 @ 7:02 pm

Congrats on a good year… I’m looking forward to 2010 and tracking your successes.

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#9 Comment By Financial Samurai On January 3, 2010 @ 6:00 am

Good stuff guys! I actually started a fund, called the Samurai Fund with 15 entries from the community. It is launching on Monday, and it is based totally random on our names 🙂

I’ve already got a couple e-mails from some bigger mass media outlets who will be tracking it, and seeing if it outperforms.

Good luck!

#10 Comment By The Financial blogger On January 3, 2010 @ 9:38 am

@Financial Samurai,
that is great 😀
I wish you good luck 😉
We made a pretty good average last year and I think we outperform the stock market (I would have to make the calculation between the TSX, NASDAQ and NYSE to make sure 😉 ).

#11 Comment By IS On January 3, 2010 @ 11:53 pm

Yes, we did outperform the main indexes:)

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#17 Comment By 1stmilliondollar.net On February 10, 2010 @ 11:00 pm

Mike, this is my first posting here. I’m a new blogger from Ontario, Canada (just started my blog recently). 🙂

Anyway, I have setup a page where we can see live result of this year’s stock picks. The URL is [19]

#18 Comment By Debbie On February 10, 2010 @ 11:20 pm

Hi…do you plan on posting the results of the 2010 stock picking contest on a regular basis?

Thanks.

#19 Comment By The Financial Blogger On February 11, 2010 @ 5:34 am

@ 1st million,
thx for the file! I hope I get closer to #1 😉

@ Debbie,
we will update the contest on quarterly basis, so stay tuned 😉

#20 Comment By 1stmilliondollar.net On February 11, 2010 @ 7:52 am

@Debbie: You can check my blog page, [19] (see also my previous comment).

It contains the live result of this contest. Data is provided by Google Finance; some are real-time; some are delayed up to 20 seconds -> so we can always see who’s leading the contest year-to-date. So far, Four-Pillars is leading for shorting gold.

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