Question of the week Q&A!
Investors everywhere have been eagerly awaiting the Fed's next interest rate cut, and the wait ended with a bang thanks to a bigger-than-expected half-point cut. The markets soared on the news, and we want to know how it affected your portfolio and your trading strategy. What stocks are you buying and selling? And how does this change your outlook?
-The markets soared on the news, so my portfolio
-My trading strategy remains the same and has not changed since the start of this competition;
it's near to: buy and hold, holding 20 stocks.
-I have no intention of buying any new stock, some adding to or trimming of existing holdings, maybe.
I continue to believe that my DryShips, Inc. (DRYS) Strategy Lab Open portfolio stock will benefit as the Marine industry is cyclical and so the lower interest rates will be healthy environment for its business.
DRYS, Days Held 51, Inception Return 26.40%
RIO SID PCU XTO are the stocks I believe will benefit as well
Undoubtedly, the Fed was very aggressive in cutting rates what is a strong stimulus for the markets as result; more to come, in my opinion.
Comments: View Comments | Wednesday September 19, 2007
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Archive Comments (1)
Our approach to investing has a lot in common and we share a stock in our portfolios too.
Like you, I largely buy and hold. I haven't finished buying yet, but when I have, like you all I will be doing is reducing some positions, adding to others and replacing those that no longer make sense with similar better ones.
RIO is a favorite of mine and the largest holding in my SLO portfolio. Would that I had as much of it in my real portfolio!
I'm curious about your residence in Croatia. Are you a native or did you choose to live there after retiring from the sea? My husband and I have visited the Republic of Georgia and are planning to go to Moldova. We are considering living part time abroad after we retire but in the meantime are collecting the experiences -- pro and con -- of those you have tried it.
Posted by Eileen Teska September 20, 2007 12:19 AM