Contests, Social Networking etc.
I take part in an investing contest organized by visitors of the newsgroup misc.invest.mutual-funds. So far my returns for this year in the contest are just over 9% (slightly above the market=S&P500). I generally buy stocks at the begining of the year and hold them for the entire period. I do very little, if any trading. I will cover my holdings for this year in future posts.
Other than that I created an account at Motley Fool Caps – a social networking site for stocks. I rated a few stocks and so far am being totally beaten by the market, mostly thanks to my +ve rating for Blockbuster – which I thankfully do not own in real life and have covered before on this blog.
One neat feature of the Caps site is the Stock of the Day feature – where I am recommended some or the other highly rated stock. Of all the suggestions made to me so far, I like – Accenture Ltd. – ACN and Genlyte – GLYT. I will try to follow both of these in the future.
Hi
9% returns are negligeble considering 40-50% returns that are offered by most mutual funds it would be better to just invest in the same and let the mutual funds do all the work
Regards
John
If you can list some funds that provided the 40-50% consistently every year since they started, your argument will hold some water.