Now available at Indigo ->

2010 Personal Finance Bloggers Stock Picking Contest Q2 Update

 

A few personal finance bloggers decided to have a friendly stock picking contest for 2009 and we decided to do it again for 2010. We had made our picks back in December of 2009 and the plan was to track the calendar year performance of four picks (equal weighted for the sake of determining portfolio performance). As alluded to in my post that discussed my picks initially – don’t take these contests too seriously. A one year horizon is nothing more than gambling.

This year I decided to pick stocks at random, something akin to seeing how throwing darts at a newspaper would work. But seeing as how I don’t have darts, and I read my newspapers online, that method would’ve been a recipe for disaster as I just bought a new monitor. Instead, I picked some three letter words at random and then found the ticker symbols to match those words and that was basically it! Here were the words I picked:

FUN, HAT, ADD, CAR – I like to have FUN, when it’s cold I’ll wear a HAT, I sometimes have to ADD at work and I’m definitely a CAR guy.

And here are the corresponding companies:

1. Cedar Fair L.P. (FUN:NYSE) Stock price as of December 31st, 2009 (close): 11.41 and after Q2: 12.32 plus two quarterly dividend payments of $0.25. YTD Performance = +12.36%.

2. Hathor Exploration Limited (HAT:TSX-V) Stock price as of December 31st, 2009 (close): 1.81 and after Q1: 1.51. YTD Performance = -16.57%

3. Arctic Star Diamond Corp. (ADD:TSX-V) Stock price as of December 31st, 2009 (close): 0.055 and after Q2: 0.04. YTD Performance = -27.27%

4. AVIS Budget Group (CAR:NYSE) Stock Price as of December 31st, 2009 (close): 13.12 and after Q2: 9.82. YTD Performance = -25.15%

So on an equal weighted basis the picks are down 14.16% as a group. This keeps  me in the top half out of 9 participants so far in the contest. Not bad considering the whole 7 seconds I took to pick my stocks, but the year is far from over!

Here are the other bloggers’ results so far:

Here are links to the other guys. Not everyone has updated their blogs with their commentary. I’ve included the most recent returns for Q2, but some links might be to the Q1 commentary as we wait for them to update… Enjoy!

1. Dividend Growth Investor: +6.39%

2. Wild Investor: -7.6%

3. My Trader’s Journal: -11.90%

4. WhereDoesAllMyMoneyGo: -14.16%

5. ZachStocks: -14.26%

6. Million Dollar Journey: -17.38%

7. Money Smarts Blog: -17.69%

8. Intelligent Speculator: -19.06%

9. The Financial Blogger: -22.65%


Related posts:

  1. Personal Finance Bloggers’ 2010 Stock Picking Contest Results (Q3)
  2. Personal Finance Bloggers' Stock Picking Contest 2010
  3. Personal Finance Bloggers' Stock Picking Contest 2009

Free Email Newsletter

Get an email whenever something new is posted to the blog.

I'll never share or sell your information.

About Preet

Preet Banerjee is a Canadian personal finance commentator. He is a television host for The Oprah Winfrey Network, a Money Expert for The W Network, a personal finance columnist for The Globe and Mail, and a regular panellist on CBC's The National with Peter Mansbridge. He also appears frequently as a guest commentator on a variety of other programs and media.

Comments

  1. videos says:

    Mediation It is really to attempt to gain from mistakes found in charge or alternatively ad hoc programmes on the very same newspaper and tv, equivalent foreign with only two totally different markets. The actual arbitrageur will do a majority of these operations in a single offer, for instance spot-or multi-markets such as money swaps. Effective techniques (generally known as pricers) making this task to help you determine varied charges or perhaps awareness of a arbitrage procedure.