Happy New Year
Happy New Year!
Today is the first day of 2005. I have been organizing my thought about my 2005 investment strategy.
First, I am a still firm believer that commodity stocks will outperform other groups. I currently own oil, coal, gold, pharma and technology stocks. Speaking of technology, I think Nokia should not belong to technology stock. It should be more like fashion related stock. Have not found a proper sector for it. I temporarily put it as technology.
Today, I have mde up my mind that I continue to heavily invest in oil and energy sectors this year, because I believe that in the next five years, these stocks will deliver superior returns. I also think I should watch pharma stocks because as US $ continues to decline, the pharmas stocks will benefit from it.
In the next 30 days, I am waiting for a pull back of oil stocks. SU and CNQ have been up quite a bit. I belive oil stocks rally just begin for the next two months. Whether I should follow in or should wait, I have not make up my mind. Canadian Oil Sand (COSWF) is quite attractive. I feel a urge to own it. Around 3% dividend yield and 30 years life reserve index are very attractive to me. Besides Canadian $ natually hedges my bet.
I will follow it and update it.
Tax season will start and I have finished my study for CFA. I feel a little pressure now. Hope I can overcome them.
Today is the first day of 2005. I have been organizing my thought about my 2005 investment strategy.
First, I am a still firm believer that commodity stocks will outperform other groups. I currently own oil, coal, gold, pharma and technology stocks. Speaking of technology, I think Nokia should not belong to technology stock. It should be more like fashion related stock. Have not found a proper sector for it. I temporarily put it as technology.
Today, I have mde up my mind that I continue to heavily invest in oil and energy sectors this year, because I believe that in the next five years, these stocks will deliver superior returns. I also think I should watch pharma stocks because as US $ continues to decline, the pharmas stocks will benefit from it.
In the next 30 days, I am waiting for a pull back of oil stocks. SU and CNQ have been up quite a bit. I belive oil stocks rally just begin for the next two months. Whether I should follow in or should wait, I have not make up my mind. Canadian Oil Sand (COSWF) is quite attractive. I feel a urge to own it. Around 3% dividend yield and 30 years life reserve index are very attractive to me. Besides Canadian $ natually hedges my bet.
I will follow it and update it.
Tax season will start and I have finished my study for CFA. I feel a little pressure now. Hope I can overcome them.
posted by bcebitda | 11:49 PM
0 Comments:
Post a Comment
<< Home