Well, I guess I'm feeling a lot more positive than when writing my previous post about the world ending. And hey, maybe it will all end in tears and fallout, but I might as well have an optimistic outlook as much as I can stomach. We've finally taken the plunge and invested in stocks. Of course we had to gird ourselves up for the probability that our stocks would fall as soon as we invested in them. Yes, we were ready for the rollercoaster ride, firmly entrenched with the thought that if our stocks tank, we won't panic. We'll just focus on other distractions and hang in for the long haul. This is, after all, a long term investment. Oddly enough, most our stocks have been up almost everyday and we've consistently been at a profit. Amazing! Hopefully this trend will continue and what with the miracle of compounding interest I'll be able to sleep at night in 20 years.
Just in case you're interested, we own stock in the following companies :
Archer-Daniels Midland (ADM) - Leading ethanol and bio-diesel producer, along with many other great products made from agricultural products such as soy. Wasn't it nice of President Bush to announce his disdain for our addiction to foreign oil and laud ethanol as the gas of the future? And hey, it's not too late. It's still a good time to get in.
Pacific Ethanol (PEIX) - Another major producer of Ethanol and so far my most profitable stock.
3Com Corporation (COMS) - These guys are in all the important places in the tech world and are bound to come back strong. Currently trading at under $5! This sucker has got to go up!
Corning (GLW) - Good company, great products. I think this is going to be a long term winner.
Coca-Cola (KO) - Yes COKE! Trading at around $42. I've alread made a profit since buying this stock which I kind of didn't expect. I'm just planning on re-investing the divedends and eventually owning a lot of valuable shares. Also, Coke is planning expansion into foreign markets which may drive the stock up. That would be cool.
I'm going to be soon putting some money into an index fund, or possibly investing in a certain combination of index stocks that have been consistently bringing in 20-25% returns for years! I'll blog the details of how to do this in my next post. I've got some details to iron out.
Lastly, and my ultimate hedge on optimism; My new album will be finished by next weekend! I spent two days at the studio this weekend and was on fire. Sometimes you're just on and your best stuff happens in one or two takes. Very very nice when that happens. We will put the finishing touches on next weekend and then it goes to mixing and mastering. My band is going to be playing a lot of incognito shows under a fake band name over the next couple of months to prepare for our big record release party and subsequent tour. Please buy my album! I promise you will not be disappointed. The label says we've got at least 4 strong singles with another 3 or 4 contenders! Let's hope they're right. If you're wondering, we don't sound like anyone else out there and we don't even sound like our previous album but our "Rock Intensity Level" is on the Beatles to Foo Fighters scale. "Emotion Intensity Level" is on the Weezer to Coldplay scale.
Thank you for taking the time to read this. Your comments are welcome!
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