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TheDumbMoney (47.43)

April 2011

Recs

22

Why Exxon Rocks

April 26, 2011 – Comments (17) | RELATED TICKERS: XOM

As I have indicated in the past, I'm a moderate Democrat.  I'm socially pretty liberal.  I'm a fiscal pragmatist, with no ideological hatred of the concepts of Social Security or Medicare, merely worries about the sustainability of Medicare on its current cost-trend, etc., etc.  I support Obamacare, as it will reduce costs, I believe.  I am an environmentalist, and a member of NRDC and the Sierra Club.  I was using CFCs a decade before most other people.  I have already been switching out CFCs for LEDs, just as CFCs have gone mainstream.  I just had my Honda Civic totalled and I bought a Prius to replace it.  I have a rain barrel.  I compost.   And I LOVE, LOVE, LOVE Exxon.  How can this be?   In short, I think most people who hate Exxon have never read an Exxon annual report or proxy statement, and also misunderstand the politics and science of climate change.  This creates consistent opportunities to purchase XOM (even if now the stock is at a cyclical high, and is not a particularly compelling buying opportunity).  [more]

Recs

11

Good Friday Porfolio Roundup And Thoughts

April 22, 2011 – Comments (8) | RELATED TICKERS: MSFT , XOM , PM

So I often guestimate my portfolio percentage composition when writing about new purchases, but I decided that it had been some months since I actually ran through my stocks, it was time for a sanity check.  As anyone who knows me here knows, my CAPS portfolio is RL.  It of course doesn't track:  1) weighting; and 2) purchases other than my initial purchase.  As to item two, maybe I'll resolve that later; for now, please note all of my purchases and sales, every one, is noted in the comments to my original pitch.  And when I have sold out of a position I have ended the CAPS pick.  So that isn't resolved for now in terms of true performance, but as to my weighting, here is my weighting as of today, by percentage:  [more]

Recs

36

Am I Wealthy?

April 15, 2011 – Comments (55) | RELATED TICKERS: SPY

Wealth:  "a great quantity or store of money, valuable possessions, property, or other riches: the wealth of a city."  [more]

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