Owner: My Quest to Build an Empire URL:http://www.questempire.com Join Date: Sat, 06 Dec 2008 18:40:53 -0600 Rating:0 Site Description: Follow me on a journey to build an $1 Million Dollar Portfolio consisting of ETFs Site statistics:Click here
Networth Update for November 2008-12-05 16:49:00 I am now in negative territory based on the latest data from zillow on my house.. It has dropped about 25-30% from its highs a few years ago. My home is a two family income producing home so I am not really worried in the short term. My mortgage payment with all my expenses at [...] Read more:November
, Update
Added to by Position in Brazil(EWZ) 2008-12-03 15:42:40 Today, I added to my EWZ position, This is an ETF that tracks Brazil
’s Bovespa. Brazil has been battered this year because alot of investors/hedge funds are closing their positions to cover their losses else where. EWZ holds PBR/ITU/BBD/RIO which are solid run companies.
PBR(Petrobras) has an extremely large reserve of oil, has cash on hand [...]
November Month-End Portfolio Update 2008-12-01 16:38:08 Well, November
has been one of those challenging months. I have switched my buying strategy to weekly versus once a month. By doing that, I’ll have the ability to capture amore realistic market and be able to dollar-average my ins. My portfolio has grown in the number of holdings I currently have and own and [...] Read more:Month
, Portfolio
, Update
Citibank cutting 50,000 jobs 2008-11-17 11:09:32 In the most dramatic round of layoffs seen to date in the battered U.S. financial sector, Citigroup Inc. said Monday that it plans to cut about 50,000 additional jobs in an effort to cut costs and stem huge losses sparked by bad investment and lending decisions. - from marketwatch
When a company is doing well, the [...] Read more:Citibank
American Automakers Shrinking! 2008-11-15 08:25:49 Earnings come and go, and the green-eyeshade types can legally manipulate those figures to mask a company’s true balance sheet. Yet the ability to generate cash — what comes in the register and goes out the door — remains the preeminent indicator of company’s worth. In short, cash is king.
This is the reason why [...] Read more:American
, Shrinking
The Death of Buy and Hold 2008-11-15 08:05:46 The five stages of death are denial, anger, bargaining, depression and finally, acceptance. We bring it up, because right now, Wall Street is really struggling with that last one,acceptance.
We’re talking about the death of that time honored investment strategy, buy-and-hold. Investors just can’t let go, and they need to.
That is the comment that is all over [...]
11FY08: Buys + Contributions + Dividends 2008-11-04 10:36:00 Contributions:Weekly $125.00 for Last Week in OctoberWeekly $125.00 for First Week in November
Buys: (October 27-29)Buy 1 XLE @ $48.50Buy 1 XLF @ $14.73Buy 1 XLK @ $16.25Buy 1 VNQ @ $37.70Buy 1 BTF @ $12.27
Buys: (November 4)Buy 2 VOT @ $38.36Buy 1 XLE @ $52.57
Dividends:$4.62
Summary:October was a good buying month, it brought my dollar-cost down [...]
Recommend Site To A Friend
