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Peter schiff stock recommendations - Breand - 03-05-2009
But you have to make an informed opinion on what stocks he's talking about!
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#1 is without a doubt PGH. Im sure #2 can be figured out easily, as well as the other ones...any guesses?
Re: Peter schiff stock recommendations - 1000xZero - 03-05-2009
Breand Wrote:But you have to make an informed opinion on what stocks he's talking about!
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#1 is without a doubt PGH. Im sure #2 can be figured out easily, as well as the other ones...any guesses?
All I have to say is how long have I talked about the Canadian Energy Trusts especially PGH & PWE. Great companies.
- Breand - 03-05-2009
PGH is so ungodly cheap right now it's ridiculous. And when I bought it at like 6.80, I thought it was ridiculously low and it's gotten a lot lower. Gonna buy some more my next paycheck.
- Vanraw - 03-05-2009
For fun, I actually took everyone's suggestions back on the original thread and build a portfolio on Google. For every stock mentioned, I pseudo bought $1000 worth of the stock on the day it was mentioned in the forum.
I thought it would be fun to post performance, but could never get the table format to work right without alot of manual editing. That sounded too much like work to me.
Any way I have been watching PWE and PGH. They have gotten pounded since first mentioned (which was after the September crash). 57% and 54% loss. Here is the portfolio today if you bought 1k when mentioned. (note yuou have to strech your broweser out for the table to take shape).
Code:
Name Symbol Last price Change Shares Cost basis Mkt value Gain Gain % Day's gain Overall Return
Penn West Energy Trust (USA) PWE 7.29 -0.47 (-6.06%) 59.00 1,008.28 430.11 (578.17) -57.34% (27.73) -57.34%
Pengrowth Energy Trust (USA) PGH 4.80 -0.58 (-10.78%) 96.00 1,006.48 460.80 (545.68) -54.22% (55.68) -54.22%Is your guys basis for this stock because of the dividend and the bet that Oil will increase?
- 1000xZero - 03-05-2009
Add back in all the Dividends and you'll be positive.
- Vanraw - 03-05-2009
1000xZero Wrote:Add back in all the Dividends and you'll be positive.
Not even close really, 1k investment into each stock on 11/10 bought 59 and 96 shares respectively and yielded $67 and $42 in div, but the stocks lost 57% and 54% value in the same time for a loss of over $550 for each stock buy.
But that really isn't why I asked the question. Everything has gone down the tubes. The question is what do you guys think this is gonna do from here? Its a good dividend, but that doesnt mean squat if it drops another 50% does it? Do you guys think this is good because oil might rise? I'm asking in earnest?
Oil to me is still a big risk if the economy stays in the dumps. I could see it hitting the high $20's. then again it might go to $60. Curious on what you think.
- Grieve - 03-05-2009
Vanraw Wrote:For fun, I actually took everyone's suggestions back on the original thread and build a portfolio on Google. For every stock mentioned, I pseudo bought $1000 worth of the stock on the day it was mentioned in the forum.A couple of years back, a bunch of us (including me, Dustie, Slamz, Veraphim, and Thudz) at the company we all work at (although it will soon be down to one of us...) did a stock picking game with $100k of virtual money each. I thought it was pretty interesting to see how everyone's different styles worked out.
Since there seem to be a few active investors here, might be fun to try the same thing. Easy to track with a Yahoo/Google portfolio, and it would be a good experiment to see who picks the right approach (Cash? Gold? Beaten down financials? Tech? Gun manufacturers??)
- Zephyrs - 03-06-2009
I would be up for that. would be fun
- Breand - 03-06-2009
I would do that for fun, however all my investment strategies are super long term, I buy stocks with the idea of what I think they will be worth in 5 years. So my portfolio would probably be very boring for awhile heh.
Vanraw, yes it is a combination of a nice dividend that makes the losses more palatable and the long term outlook of it. Up until last month when it was lowered to .10 a share, it used to pay out .18 a share MONTHLY. That's pretty sweet. Even at .10 a share monthly, compare that to what you would get with your money in a savings account.
It costs 5 bucks a share right now, I bought it at like 6.90 share. But for the past 5 years it has mainly stuck around $20. Oil is SO cheap right now, it's a great long term investment. And the stock is so cheap right now, that in a few years it will have paid back in dividends what you paid for the stock.
- Diggles - 03-06-2009
Grieve Wrote:Vanraw Wrote:For fun, I actually took everyone's suggestions back on the original thread and build a portfolio on Google. For every stock mentioned, I pseudo bought $1000 worth of the stock on the day it was mentioned in the forum.A couple of years back, a bunch of us (including me, Dustie, Slamz, Veraphim, and Thudz) at the company we all work at (although it will soon be down to one of us...) did a stock picking game with $100k of virtual money each. I thought it was pretty interesting to see how everyone's different styles worked out.
Since there seem to be a few active investors here, might be fun to try the same thing. Easy to track with a Yahoo/Google portfolio, and it would be a good experiment to see who picks the right approach (Cash? Gold? Beaten down financials? Tech? Gun manufacturers??)
Several of the Personal Finance classes in my school did this at the start of the year. The only kid who had a positive investment was the one who bought alot of Walmart stock...(only smart kid in class).
- Grieve - 03-06-2009
Breand Wrote:I would do that for fun, however all my investment strategies are super long term, I buy stocks with the idea of what I think they will be worth in 5 years. So my portfolio would probably be very boring for awhile heh.Yeah, we did it really with a one-year horizon, plus we allowed trading, which is too much of a pain in the arse to keep track off. Probably best to just pick a max of 10 stocks/funds/ETFs and watch how they fare over the next year.
- Hoofhurr - 03-06-2009
I'm interested but have a lot of learning to do. How do we begin?