Good Day Today

Any time we have stock markets rally like we experienced today, we can expect some good numbers from our investments. As the Dow had its biggest one-day increase in four years (283 points, or 2.09%), our wealth also got a boost with a number of stocks and funds posting 2.00+% gains, including:

  • Blackstone Group (BX): 2.81%
  • China Life Insurance (LFC): 2.70%
  • Taiwan Semiconductor (TSM): 2.54%
  • Tocqueville Gold Fund (TGLDX): 2.52%
  • Powershares Global Water Portfolio (PHO): 2.41%
  • CGM Focus Fund (CGMFX): 2.34%
  • Procter & Gamble (PG): 2.23%
  • Bank of America (BAC): 2.10%
  • Nortel Network (NT): 2.02%

With the only exception being GreenTech, which dropped 2.11%. On paper, our investments added more than $8,000 in value. That, however, is only half of what we lost on February 27th, when the Dow tumbled 412 points.

Well, a 283-point rally is not something we can hope to happen very often. If you ask me, I’d rather have 56 points every day for five days than 283 points in one day. Who knows what will happen tomorrow.

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4 Responses to “Good Day Today”

  1. Super Saver |  Jul 12, 2007 at 10:13 pm

    Sun,

    Great gains. If only this amount could be done every month :-)

    Yes, today was a good day. Hopefully, Asia and Europe will do well tonight and we get follow through on today’s rally. While the market has been choppy, I expect a good second half since we are going into an election year.

  2. MoneyNing |  Jul 13, 2007 at 4:14 pm

    I had a good day too! Not really $8k, but respectable :)

    I’m actually writing this the next day and it’s still quite nice. The market will seem to continue for a little bit since there are many people shorting which will eventually need to cover.