My Tech Portfolio Will Crush the Market
By
Tim Beyers
September 19, 2008
|
Welcome to Week Seven of my stock-picking throwdown with Mr. Market. Let's get right to the numbers:
|
Company
|
Starting Price
|
Recent Price
|
Total Return
|
|
Akamai (Nasdaq: AKAM)
|
$22.23
|
$17.00
|
(23.5%)
|
|
Harris & Harris (Nasdaq: TINY)
|
$6.22
|
$8.00
|
28.6%
|
|
IBM (NYSE: IBM)
|
$129.05
|
$111.47
|
(13.6%)
|
|
Oracle (Nasdaq: ORCL)
|
$22.75
|
$18.75
|
(17.6%)
|
|
Taiwan Semiconductor (NYSE: TSM)
|
$10.34
|
$9.37
|
(9.4%)
|
|
AVERAGE RETURN
|
--
|
--
|
(7.10%)
|
|
S&P 500 SPDR (AMEX: SPY)
|
$126.73
|
$119.37
|
(5.81%)
|
|
DIFFERENCE
|
--
|
--
|
(1.29%)
|
Source: Yahoo! Finance.
Can you believe it? In a week where Lehman Brothers failed, AIG needed a bailout, and Bank of America bought Merrill Lynch, my tech portfolio was up. And not only up -- it vastly outperformed the S&P 500.
Could tech be a safe haven? I'm not sure I'd go that far. But we Rule Breakers investors have seen this sort of carnage before, and we know that we'll see it again. All I can do is be patient and take comfort in knowing that it's durable gains that matter most -- like when David Gardner produced a decade of 20% returns by buying and holding the likes of Amazon (Nasdaq: AMZN) and eBay in the real-money Rule Breaker portfolio, or when Tom Gardner selected a "simpleton portfolio" to hold for a decade, with market-crushing results. I think these five tech stocks will produce plenty of durable gains.
This week's checkup
Now, let's move on to the rest of this week's update:
There's your checkup. See you back here next week for more tech-stock talk.
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