Chan's Personal Blog

Patrick brought this one to my attention. Jim Cramer (the stock guy that recommended buying shares of Google, $420/share->$500/share) was on the Colbert Report earlier this week. I found the clip on YouTube.

For those who aren't familiar with Mr. Cramer, here's a short clip that gives you taste of what his show, Mad Money, is like. It'll help you understand some of the jokes from the Colbert Report clip.

Finally, here's the clip from the Colbert Report.

Jim Cramer seems a little awkward on the show though. He's laughing way too much at some of the jokes.

Interestingly enough, when he recommended people to buy the New York Stock Exchange (NYX), the stock did move up quite a bit the next day.... then it came back down by the end of the week. When Cramer first covered NYX on his show Mad Money, he said that it was a $100 stock going to $240 in about 12-18 months. Be aware, there are risks associated with a growth stock like this, and definitely have to be patient because this is a long-term play.

Standard disclaimer: This does not constitute as financial advice. Please consult your financial advisor for any investment decisions. We are not responsible for any gains or losses that you may incur.

Here's the final results of the International Bank of Chan Fund competition which ran between September 19, 2006 to December 31, 2006. Again, everyone started with $10,000.

1st: CHaN with $10,796.03, +7.93%
2nd: Patrick with $10,697.36, +6.97%
3rd: Cwing with $10,635.74, +6.35%
4th: Myron with $10,251.17, +2.51%
5th: Robby with $10,039.60, +0.40%

The Dow Jones Industrial index was up about 8% for this time period, which means that if you bought every single stock in that index, you would have an 8% return on investment. So, I'm quite happy that I'm pretty much on par with the index. Most mutual funds use indicies as a benchmark. The goal is to always beat the market, or in this case, the index.

These returns aren't double digit gains, but it's not bad making 8% in less than 4 months. If you put your money in a high interest savings account, you'd make maybe 3.75% in a year.

The best performing stocks I had were:
Gamestop (aka EB Games): +25%
Level 3 Communications: +20%
KB Homes: +14%
Google Inc: +11%
Costco: +9%

The worst performing stocks:
Oil Service Holders: -16%
E*Trade: -10%
Qwest Communications: -10%


Happy investing, and good hunting.