The "Sell" of 2006 is here!

The Bulls have come thorough for me once again! I have sold the majority of my portfolio for this year and come out with a retun of 15% before taxes, for 2006.

The big gainers for me this year were Microsoft (MSFT) up 22% and Bank of America (BAC) up 18%.

I broke even with Symantec (SYMC) after expenses. This stock was a spur of the moment purchase and I learend my lesson without losing my shirt..... The lesson being DO NOT RELY ON MARKET ANALYST RECOMMENDATIONS. Our almost-efficient marketplace does not allow one to make money based on publicly presented analyses. They key is to do your own analyses (will post more on this later).

The losers for this year were Sirius Radio (SIRI) and XM Radio (XMSR). I lost close to 10% of my initial investment in these stocks.

Overall a positve retrun of 15% ! Still does not beat the 30% return I reaped in 2005. However slice of pie was primarily due to Evergreen Solar (ESLR) doubling in value in the wake of Hurricane Katrina.

For now the cash will go into an online cash account (APR of ~5%) and will go back into the 2007 portfolio, once gas prices go up again!