At the beginning of the year I was asked to be part of a friendly stock picking contest among fellow personal finance bloggers. There is little at stake other than bragging rights. With the first quarter behind us it’s time to report the results YTD.
Keep in mind that my idea of investing does not involve putting capital to work with companies for the short-term on hopes that a trade makes me money. I invest for the long-term and hope that the company I invest with continues to make money for decades on end. However, that isn’t what this is about. This is simply a friendly little contest between fellow bloggers.
Philip Morris International Inc. (PM)
This is a winner long-term, in my opinion. I wasn’t real sure how it would do over the short-term, as it had already had quite a run when I picked it at the beginning of 2011. At any rate, I decided to let this winner continue winning. It’s my largest holding in my portfolio, and it’s a company I feel comfortable having a large allocation to.
First Quarter Performance: 13.9%
General Dynamics Corporation (GD)
This is no growth stock, but just a company that does its business well. I felt it was trading at a discount when I picked it for this contest, so I felt comfortable including it even if the short-term performance might not wow anyone. I feel comfortable owning this company for the long haul, and even though it’s had quite a pop since the beginning of the year, I think it’s still an attractive business to invest in.
First Quarter Performance: 11.22%
Intel Corporation (INTC)
I picked Intel because I thought the business is solid with a large economic moat, great balance sheet and was trading at a very attractive valuation. I still think it’s a great pick, even with the strong performance this stock, and the market, has had. Intel has actually been the strongest performer of the four, and for good reason. Solid business with great fundamentals. This is a good pick for the long haul.
First Quarter Performance: 16.85%
Emerson Electric (EMR)
Again, this is another business that I have personally invested in. It’s no high flier growth stock with rocket fuel behind it. I picked it because I believe in it for the long-term. This was another value pick, as I felt it was trading for an attractive valuation when I chose it. Because of the fact that it’s not a growth stock, I wasn’t sure how it would do in the short-term but it has performed relatively well.
First Quarter Performance: 12.88%
When you combine the numbers, my picks returned 13.71% for the first quarter. This is good enough to place me third out of ten bloggers.
Take a look at how the other bloggers performed:
Where Does All My Money Go 35.91%
Intelligent Speculator 16.37%
The Wild Investor 11.78%
My Traders Journal 11.17%
Beating The Index 10.87%
Million Dollar Journey 7.84%
The Passive Income Earner 4.77%
Dividend Growth Investor 4.43%
The Financial Blogger .10%
Full Disclosure: I’m long PM, GD, INTC, EMR.
Thanks for reading.