Recap of 2009: How My Stock Picks Faired

James | Dec 17, 2009 | Comments 6

As 2009 comes to an end, I wanted to inform everyone on how my stock picks have faired so far throughout. 2009 has been an interesting year within the markets, we have truly seen the ups and the downs dealing with the struggles from the credit crunch/global recession. It will be a year for the ages and one that I hope we can look back at in the future as a turning point for the markets. Luckily I have been quite successful these past 10 months within choosing my investments wisely. So far my best pick of the year has been, Ivanhoe Mines (IVN) which is up a little over 218% since late February when I initially launched this website. My worst pick has been GigaMedia (GIGM) which is down around 12% so far, however I have optimistic views about the company and feel it still has the potential to be a strong long-term investment. Still calculating my annualized return for 2009 as the numbers are mixed over since I switched brokerage accounts mid-year from Scottrade to Interactive Brokers. Though newly opened Interactive Brokers account is up over 50% since July so I am speculating that my total annualized return for 2009 is between 70-90% if not more. Due to these impressive gains, starting in 2010 I will launch my own personal trading website which will post the exact trades I make minute by minute to keep readers updated on my moves within the markets and help caculate my gains/losses in an easy format. I am hoping to target an aggressive return of 50% for 2010 so lets hope all goes well. Moving on I am planning on one more pick to come out Monday and then we will be set for 2009 and will head into 2010 with optimistic views of the market and plan to be just as successful in 2010 as I was in 2009. Enjoy the weekend and below are the picks for 2009.