My OperaBrief Update from October (Thanksgiving Pre-Season)
Wednesday, October 24, 2007 6:44:34 AM
I haven't forgotten about this blog; just neglected it awhile. I still haven't done any research concerning the "Asian Development Bank," which is probably why I have avoided doing any new posts (which would require me to admit that I haven't done any research on international economics, trade or banking --all part of Economics, the 'dismal science.'
More things to research: Sovereign Funds. Also I came across a reason recently to investigate this fund (part of Legg Mason or something): ClearBridge Advisors and a mutual fund which describes itself as a "Large Cap Fund." Yes, I basically know what that means.
I was looking at an investor's portfolio......saw the individual stocks which made up this fund...sort of disagreed with the individual stocks (had some AMD and Texas Instruments in the mix). Well, if I had any money to put to 'equities,' I would certainly have bought some AAPL and also of course some GOOG. On my WSJ "Portfolio"...which is of course a fictitious portfolio of the fantasy-league variety.....I had picked some stocks and many of them had done well: the ones that were related to war profiteering and oil, especially. I had also picked some airline stocks for sentimental reasons, most of those did not do well at all.
BellSouth (BLS) and American Express (AXP) did quite well...they were also 'sentimental' picks. My "Bete Noir" pick --AutoNation (AN)is sort of in the toilet, which pleased me (perversely)...I started my 'fantasy portfolio' in October 2005; added a second smaller 'portfolio' in February 2006 and then a third yet smaller portfolio at the end of August 2006.
All of the portfolios are doing well.....however, remember they are just 'fantasy' portfolios. In October 2005 GOOG was at $316 per share....I would have sold when they hit $400 and pocketed the dough. As it turned out GOOG went over $500 then retreated.....yesterday it closed at about $647 (!) So what would have happened if I had had 'real life' money to spend? Ans: I wouldn't have had the nerve to keep a lot in 'equities.' I would have been a chicken-shit and sold as soon as I could pocket a profit. "Buy and hold" takes a lot of balls, frankly.
However....I still disagreed with many of the stocks in that particular "Large Cap" portfolio which is Legg Mason, managed by ClearBridge, which names a (forget his name now) as the fund's "manager."
Blah blah. Is it lunchtime yet?
More things to research: Sovereign Funds. Also I came across a reason recently to investigate this fund (part of Legg Mason or something): ClearBridge Advisors and a mutual fund which describes itself as a "Large Cap Fund." Yes, I basically know what that means.
I was looking at an investor's portfolio......saw the individual stocks which made up this fund...sort of disagreed with the individual stocks (had some AMD and Texas Instruments in the mix). Well, if I had any money to put to 'equities,' I would certainly have bought some AAPL and also of course some GOOG. On my WSJ "Portfolio"...which is of course a fictitious portfolio of the fantasy-league variety.....I had picked some stocks and many of them had done well: the ones that were related to war profiteering and oil, especially. I had also picked some airline stocks for sentimental reasons, most of those did not do well at all.
BellSouth (BLS) and American Express (AXP) did quite well...they were also 'sentimental' picks. My "Bete Noir" pick --AutoNation (AN)is sort of in the toilet, which pleased me (perversely)...I started my 'fantasy portfolio' in October 2005; added a second smaller 'portfolio' in February 2006 and then a third yet smaller portfolio at the end of August 2006.
All of the portfolios are doing well.....however, remember they are just 'fantasy' portfolios. In October 2005 GOOG was at $316 per share....I would have sold when they hit $400 and pocketed the dough. As it turned out GOOG went over $500 then retreated.....yesterday it closed at about $647 (!) So what would have happened if I had had 'real life' money to spend? Ans: I wouldn't have had the nerve to keep a lot in 'equities.' I would have been a chicken-shit and sold as soon as I could pocket a profit. "Buy and hold" takes a lot of balls, frankly.
However....I still disagreed with many of the stocks in that particular "Large Cap" portfolio which is Legg Mason, managed by ClearBridge, which names a (forget his name now) as the fund's "manager."
Blah blah. Is it lunchtime yet?
