Here I want to give an update on how the game is going. To help me track my progress I have also created a portfolio on Google Finance. Google has added a nice feature that shows you a performance graph for your entire portfolio. Investopedia does not give you this view, it only has a list view with a total at the bottom. This is fine, but I like to see a nice graph!
Here is the graph from Google Finance:
On December 9th, 2010 I started with $25,000 in Investopedia Game cash. The graph shows that in a few days I had lost $200+. But then a few days later it was all back and more. As of Jan. 12, 2011, the portfolio stands at $25,416. An increase of $416. It swings up and down quite a bit as expected, but I am hopeful that the trend will continue up in 2011.
Next I will list the additions I have made to the portfolio since the first post on Dec. 12. I will give a brief reason for why I added each security.
|Ticker||Name||Reason for my Investment|
|SCZ||iShares MSCI EAFE Small Cap Index Fund||Provides small-cap exposure in developed markets outside the US. EAFE was hit hard in the recession and I hope will bounce back in 2011.|
|BLK||BlackRock, Inc.||Financial stock. Financials were also hit hard. Black Rock has the iShares ETFs. I think they will be doing well in 2011.|
|IRE||Bank of Ireland (ADR)||Another financial stock. This is a risky bet. Ireland and this bank have been hit hard with the debt crisis in Europe. I am betting on a a bail-out and bounce. (Is it wrong to invest expecting a bail-out if I consider “bail-outs” wrong? There are lots of ethical/political controversies here.)|
|PLD||ProLogis||PLD is a REIT I have been following for several years. It is very volatile but will provide Real Estate exposure for the portfolio.|
|NKE||NIKE, Inc.||Nike is a solid company that has been solid for 30 years. I hope to have picked it up at value. This also provides exposure in Retail.|
|RRC||Range Resources Corp.||Energy stock that gives exposure to natural gas. Hoping that gas goes up in 2011.|
|EDMC||Education Management Corp||This is an opportunity I am taking a chance on. For profit education stocks took two large dips recently. In the last dip I saw this one bounce back. Looking for another bounce.|
|MDT||Medtronic, Inc.||Medtronic is a medical equipment company. Quality company that provides healthcare exposure.|