Tuesday, August 4, 2009

Up 20% in 3 Weeks

Sometimes we get lucky with our investments. On July 15, I bought Honda shares (HMC) hoping it would be a good long-term investment. Since they are the best (IMHO) auto maker in the world, I figured they would benefit from a rebounding economy and weaker American competitors.

Three weeks later, my investment is up 20%. While I would love to claim clairvoyance, I simply got lucky. To be honest, I am not sure why it went up so much. As a result, I am considering selling out and banking my profits.

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