Here’s a mindmap that I drew for my creative PhotoBook project I will do for my class.
Stock: Purchase QIHU
Sold my google shares so had cash not at work. Instead of reinvesting in GOOG, went with QIHU as it’s suppose to be an emerging threat to Baidu. Research mainly consisted on IBD stock rating and reading articles about them. Is this going to a long term or short term play not too sure. Probably should asked some people I know in China exactly how much momentum QIHU really has. Well I’ll see how its results are on 5/20.
Stock: Reflection on GS
Had setup a sell limit order for GS and it got executed 5/14. Forgot what price I even had the sell limit at.
Reason for sell:
GS has really lagged the S&P since I bought it. Originally it was a diversification play but of course buying it right around the financial crisis was not a good call. Now, I’m not comfortable with owning GS outright as I’m not sure exactly what business they’re in plus the stress test result. I think financial institution are a bit riskier play these days. Plus owning Berkshire gives exposure to GS anyways.
Bought: 5/11/10 @ 142.25
Sold: 5/14/13 @ 151.53
Total Return (incl dividends + commission): 9.5%
Return based on Stock Price: 151.53-142.25/142.25 = 6.52%
Return vs S&P: -37.75%
Failure. S&P returned ~44% during the exact same time period. And that is why I need to make sure my individual stock picking is only a small % of the overall.
Derek Sivers – Start Now. No Funding needed
Watched this in class last night. Thought it was pretty inspirational.