It's not rocket science, only a balance between greed and fear.
By emckoba
Feb 14, 2000
The case for "My top 5 US companies"
On Dec 31, 1999 as has been customary with us over the past 3 years, I once again selected my top picks based on expected capital gains. These picks were grouped into
RRSP eligible and non-RRSP eligible US stock portfolios. This article will explain why the 5 stocks were selected for the US Fund. The reasons for 8 stocks in the Canadian RRSP eligible fund were given on Jan 2, before the markets were first opened in the millennium.On Jan 1 1998, a $US10,000 investment in each of the 4 companies in the top picks grew to a total of $US252,065 by Feb 12, 2000 i.e. 630% gain.
On Jan 1 1999, another 8 companies were selected and $10,000 invested in each of the 8 companies had grown to $257,037 i.e. 221% gain as at Feb 12/2000.
At the insistence of readers who had missed out on the success of the Jan 1, 1999 picks, a new portfolio of 5 stocks was created on June 1, 1999 with a $10,000 investment in each pick. This portfolio ($50,000 investment) had grown to $124,788 as at Feb 12, 2000 i.e. 150% gain.
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