Thursday, May 3, 2007

Closing my position out of PG

I sold all of my shares of Proctor and Gamble.

They came out with less then steller earnings as well as poor guidance for future earnings.

I have held this stock for quite some time and have barely made any money.

I believe in buying quality stocks and holding them for long periods of time. I manage my own money. Who will have my best interest in mind with my money better then me?

I read many financial articles everyday and research each stock that I own.

I do not own any mutual funds for the same reason as I like to be the decision maker on what I buy or sell, when I buy or sell and for how much.

I am going to be sitting on the sidelines for a while as the market has had a crazy run upward.

This is a dangerous strategy if we keep going up like this, but it cant last forever can it?

Have a pleasant day.

No comments: