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Stock Competition 2009 Quarterly Update (April) and $1000 Giveaway!

Guess the NASDAQ close and Win $1,000

Blain at Stock Trading to Go is giving away $1,000 to the person who can guess the NASDAQ close on April 30th, 2009.  Hurry up though, entries close today (Sunday April 5, 2009) at 9pm EST.

Stock Competition Update

At the beginning of 2009, a group of bloggers thought it would be a good idea to have a stock picking competition and have quarterly updates. The bloggers who had the foresight to pick gold may have the winning portfolios thus far, but 2009 isn’t over with yet! My picks did not perform as well as I would have liked but we did see some gains in one of them.

Here were my picks at the beginning of the year

My 4 Stock Picks

  1. Hanfeng Evergreen (HF.TO) – This company creates high yielding fertilizer for the Chinese market.  I’ve been watching this stock for a couple years now and it seems to be oversold relative to their (profitable) earnings.  This stock has the possibility of making a comeback providing that the Chinese market makes a partial recovery.  If the markets don’t cooperate in 2009, then this stock could go down even further.  Price as of closing Dec 31, 2008: $5.63
  2. Johnson and Johnson (JNJ) – Now that I have my exciting stock out of the way, time to go to the boring large cap stuff.  Johnson and Johnson manufactures ’staple’ items like Tylenol, Johnson baby products, band aid, Listerine and other popular skin care products.  Even in a recession, I believe that people will continue to buy these products.  JNJ also offers a sustainable dividend at an attractive yield.  Price as of closing Dec 31, 2008: $59.83
  3. Husky Energy (HSE.TO) – This is my pick for some energy sector exposure.  Even though the potential global recession throughout 2009 could keep oil prices depressed, I like Husky Energy’s oil properties and their profitability.  Their dividend doesn’t hurt either. Price as of closing Dec 31, 2008: $30.87
  4. Power Financial (PWF.TO) – This holding company has large positions in IGM Financial, Great West Life, Canada Life and London Life.  It offers a generous sustainable dividend and I believe that this stock has been irrationally oversold.  Hopefully PWF will recover in 2009. Price as of closing Dec 31, 2008: $23.90

Here are the results thus far:

Rank
1 IntelligentSpeculator 4.33%
2 TheFinancialBlogger -0.94%
3 FourPillars -2.67%
4 Million Dollar Journey
-2.96%
5 DividendGrowth -8.27%
6 WildInvestor -8.90%
7 Wheredoesallmymoneygo -21.77%
8 ZachStocks -24.19%
9 MyTradersJournal -27.54%

For those of you who had your own picks in the original article, how did you do?

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FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 11 comments… add one }
  • Four Pillars April 5, 2009, 12:03 pm

    You’re going down FT – along with everyone else since I plan to run away with this contest. :)

    Interesting how (most of) the Canadians seem to be better stock pickers (at this point).

  • the financial blogger April 5, 2009, 2:17 pm

    FP, we have a 6th sense for stock picking ;-)

  • IS April 5, 2009, 11:18 pm

    Hahaha…I’ll stay quiet for now, I think any nagging would be my downfall..:)

    But yeah FP… wait and see;)

  • Pseudonym April 5, 2009, 11:45 pm

    How are you going to factor in dividends, as cash to add to final balance or as share repurchasing?

  • Dividend Growth Investor April 6, 2009, 9:50 am

    Ok guys, we still have 3 quarters untill the final results for 2009 are out. so far I only have a “fifth” sense, but I might catch up sooner than you expect :-)

  • Paul April 6, 2009, 12:57 pm

    7 Wheredoesallmymoneygo -21.77%

    I think his question has been answered. :-)

  • WhereDoesAllMyMoneyGo.com April 6, 2009, 3:51 pm

    @Paul – you can say that again! :)

  • Four Pillars April 6, 2009, 11:49 pm

    Paul – Lol…good one.

  • Victor April 15, 2009, 7:19 am

    I was wondering if anyone has any information on the easiest way for Canadians to buy gold. I mean actual gold as in coins or bullion, not stock in gold mining companies or stocks that track the price of gold. Where does one go for this? What fees are likely to be incurred? Thanks!

  • Scott April 15, 2009, 11:02 am

    Easiest way? I’ll sell you some. Just kidding…maybe….

    Go to your local coin shoppe and ask to buy a gold coin.
    The only fees would be payment. As long as it’s pure bullion I’m pretty sure there are no taxes. Keep transaction under $10,000 if you don’t want to report it to the government.

    Or just send me a bank wire to…

  • cannon_fodder April 20, 2009, 6:50 am

    Were ETF’s not allowed?

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