I entered into a stock picking competition with a number of other bloggers at the beginning of this year.  I picked four small oil-related companies as part of my “swing for the fences” strategy. So far it has paid off since my portfolio is up over 40% for the year. In the last stock picks update I was in first place thanks to the surprising strength of oil prices. Regrettably my performance has dropped off a bit and a couple of my competitors have picked up their socks. Regardless, I’m still in 3rd so I’m happy with that.
The rankings
| IntelligentSpeculator | 73.05% |
| WildInvestor | 56.78% |
| FourPillars | 44.26% |
| Wheredoesallmymoneygo | 43.01% |
| The Financial Blogger | 24.49% |
| Dividend Growth Investor | 11.51% |
| Million Dollar Journey | 8.49% |
| MyTradersJournal | -3.16% |
| ZachStocks | -13.17% |
Here are my stock picks and purchase price and (Oct 1 close)
BCF.to – Bronco Energy $1.27Â ($0.76)
HOC.to – Heritage Corp $3.65Â Â ($8.31)
TOG.to – TriStar Oil and Gas $11.41Â ($15.38)
CLL.to – Connacher Oil Gas $0.74Â ($1.06)
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Congrats! Maybe this is the credibility you need to start your own hedge fund
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Hi
Carry on at this rate (presuming you backed your selections up with some money!) and you will end up a billionaire!!
Congratulations.
Neil
Mr Cheap is making fun of FP, but I believe that FP is more qualified at running a hedge fund than most of the guys currently running one ( I would also add mutual funds too).
Congrats on your market performance. I would get you in the final 2 quarters
Best Regards,
DGI
I think it would be fun to run a hedge fund – even if I don’t know what I’m doing.
The portfolio I assembled is very dependent on oil – I could win this thing by a mile….or finish in last place by a mile.