Taxable Account Portfolio Update - June 2007

I haven’t shown anyone my portfolio lately since I did not want to give people the wrong advice.  However, I since became more of a longer term investors so I thought I will share with you what I currently hold as of June 19, 2007 in my brokerage account. 

DIA – This is just the ETF for Dow Jones Industrial Average.  I bought this back in April since I believe this index will outperform the other ones for the rest of the year.  I also figured that I needed a little index exposure since I don’t want to be totally out of stocks but needed some instant diversification.

DO - Diamond Offshore Drilling.  Basically anything with drilling in the name is going up like crazy these days.  I bought this because they have many long term contracts and people were scared a couple months ago about soft numbers but no one realizes that these contracts last 5-10 years. I also like this stock because it makes a ton of cash and is willing to give back to their share holders.  A couple of months ago, it gave out a $5 special dividend (this is not even counted in the % gained) and it also did one last year.

GS – This is the best broker in town and with all the merger and acquisition, this whole group should keep doing well.  The last quarter by them was not that great because of the sub-prime department dragging down the numbers but I am still bullish on this stock.

MO – I bought Altria a couple times when people were rumoring that it will spin off Kraft.  I must admire that I did not know much about the stock at the time other than the fact that it owns Marlboro but after hearing 4 different analyst say that the stock is worth 25% more than it was worth at the time, I bought some.  My reasoning was pure supply and demand.  If other people think it will go higher, people will start buying it, bidding up the price.  I wasn’t so scared because even if my theory is wrong, Altria is a good company that has a good dividend, softening its decline.  I do not smoke but I know many people do, and almost everyone I know smoke Marlboro cigarettes.

XOM – I bought this stock at the peak in Dec 2006.  Subsequently, it went down about 10% by March.  I kept believing because I know these are cash machines, and that gasoline prices will be back up in the summer.  So I kept waiting and waiting, and finally it is paying off now. 

DODFX –Dodge & Cox International Stock (really a mutual fund) is my international holding.  Roughly 18% of my non-401k portfolio is in this mutual fund.  So far it has been a real performer.  I bought some more a couple of weeks ago (to make it to 18%) because I was happy with its progress and the outlook of international stocks vs domestic stocks.

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Disclaimer: These are just the stocks that I own.  I’m in no way advising anyone to buy these.  Good luck to you if you agree with my logic and buy some of these stocks.

Tagged as: Investing

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