Friday, May 4, 2007

Personal Finance Fridays

Welcome to Personal Finance Fridays. My goal for the year is to return 12% on my investments, but so far I am not doing as well as I would like this year. For the year-to-date (YTD) I am up 2.54% compared to 5.93% for the S&P 500. Listed below is the breakdown of my portfolio:

18.47% iShares NYSE 100 Index (NY)
18.18% Under Armor (UA)
16.10% iShares S&P 500 Index (IVV)
7.12% Apple (AAPL)
6.81% Coca-Cola (KO)
6.42% Goldman Sachs (GS)
5.73% Citigroup (C)
5.10% Borg Warner (BWA)
3.69% Montpelier RE Holdings (MRH)
3.59% Best Buy (BBY)
2.41% Colgate Palmolive (CL)

I am not as diversified as I would like to be. However, my plan is to make periodic purchases as my income allows to re-balance it. The good news about this strategy is that over time I will become more invested in the market as I diversify, the downside is that I am putting myself in greater risk right now. In my defense, I am SLIGHTLY more diversified than first meets the eye because 2 out of 3 of my biggest holdings are index funds, which are themselves diversified.

I am taking steps to diversify and correct my performance and hopefully continue to build wealth as the years go by. Feel free to post constructive criticisms or anything you feel relevant, look forward to more of these Personal Finance Fridays so we can track my performance over the long term.

1 comment:

Ben said...

Nice cartoon!