Neubert's Top 15 Positions for August 2008 Written By: David Neubert 2008-08-05 04:27:15 Photo: trekkyandy, Creative Commons, Flickr
I haven't done this since March so be forewarned that there are a lot of changes. My portfolio has been ravaged by the meltdown of the financial sector, with special emphasis on Lehman (LEH). I also spent time buying the XLF on the way down and even at the bottom. My cost puts me about even on that trade. Much of my losses (but not all) in the financial sector have be offset by Big Oil and consumer non-durables companies.
1. General Electric (GE - $29.07): I think people will look back on the current price of GE and kick themselves for not recognizing the bargain of a lifetime in this company with so much diversification and exporting power in the face of a weak dollar. My average cost is about 10% above the current price at $32 - so clearly my average basis isn't at the super bargain price.
