Happy Hour: Better 2012 and Stock Picking Challenge

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As goes January, so goes the year!   Or so the January Effect saying goes.  If the first few days of 2012 is a sign of things to come, we’re in for a good year.  At least that’s the hope.

Better 2012

The folks over at Betterment have put on a Blogging For A Better New Year event.  It’s an article a day about the importance of setting goals for your life and investments, written by some of the best finance bloggers out there.  How I was included is beyond me.  Most likely just a filler, but proud of the opportunity nonetheless.  Mostly because I finished writing it three weeks in advance.  The collection has been great reading so far.  Check it out.

Money Pro Challenge

A stock picking challenge is being had over at Money Pros and I tossed my picks into the fray.  The rules are fairly simple: pick 3 stocks that you think will do well in 2012, submit them, and wait.

I thought I’d put my money where my mouth is and submit 3 stocks I own (but reserve the right to sell at any time).  Here’s my picks:

  • New York Community Bancorp. (NYB) - The lone bank stock and dividend play of the bunch.
  • MGM Resorts (MGM) – MGM is a play on an economic recovery in the US, specifically Vegas.
  • Whiting Petroleum (WLL) – Energy is always a good play and oil is king.

Being a competition I’d like to point out I’m up almost 8% for the first week.  Too bad we can’t take profits along the way.
Disclosure: I own shares of NYB, MGM, and WLL.

Last Call

I have to say finding recommendations the first week of the year is difficult.  My feed reader was bulging with new posts to read but 95% of them were about goals.  Which is good, it’s January, a new year and resolution time.  Having goals are good.  Reading about them all week, not so much.  Here’s some goalless reads to check out:

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Comments

    • J.P. says

      I feel the same way Barb, but since its just a contest I figured I have nothing to lose. So I looked at what I already owned and chose the three I thought would perform best this year.

    • J.P. says

      I’ve been patiently waiting on the Vegas rebound for a while. Recent good news out of Vegas was an increase in hiring for the first time in a long time. A good sign for the casinos. There is also the online gambling potential and continued expanding MGM Brand overseas. Debt is the biggest issue but revenue has been improving the last two years.

      Oh, I fixed the credit issue.

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