Stocks / Investing ForumWhat does your portfolio look like? at News Forum - My portfolio is full of tech stocks. I should really diversify a bit, because after 911 I lost pretty much ...
My portfolio is full of tech stocks. I should really diversify a bit, because after 911 I lost pretty much half of everything. Yes, it is going back up, but slowly. There is one stock though that I will not get rid of unless it bottoms out.
Is it just me or is there something wrong with this 'portfolio'?
Congress Moves to Protect US States That Divest From Terror August 02, 2007 - A movement to promote "terror-free investment" is spreading across the United States as public employees and taxpayers increasingly oppose their money going to companies that do business with terror-sponsoring countries. The countries listed by the U.S. State Department as sponsoring terror include Iran, Syria, Sudan, North Korea and Cuba.
Quote:
We talked to firefighters, teachers and other employees, and when we let them know how their retirement [fund contribution] was spent, they were outraged," Florida Democratic state Sen. Ted Deutch said, speaking at the conservative American Enterprise Institute in Washington D.C., last week. Florida Republican Gov. Charlie Christ signed a divestment bill after it unanimously passed the state Legislature. Florida is among more than two dozen states that are considering - or have passed - measures to prevent state pension dollars from being invested in companies that do business in rogue nations.
A "divest terror" movement began last year in Missouri and spread to Illinois and Louisiana. The California Legislature is on the verge of clearing a divestment bill that Republican Gov. Arnold Schwarzenegger intends to sign. On Tuesday, the U.S. House of Representatives overwhelmingly passed both the Iran Sanctions Enabling Act and the Darfur Accountability and Divestment Act. One would provide legal protection for money managers - in the public and private sector - who divest money from Iran's energy industry.
The other requires the federal government to establish a list of firms doing business with Sudan that "directly" support the genocidal regime in Darfur. According to the Conflict Securities Advisory Group, a consulting firm that specializes in managing global security risk, there are 485 publicly traded companies that operate in the five countries designated by the U.S. State Department as state sponsors of terrorism. The companies are overwhelmingly foreign-owned.
Congressmen Invest in Businesses in Terror-Sponsor States August 02, 2007 - More than 30 members of Congress, or their spouses, invest in companies that do business in countries that the U.S. government says sponsor terrorists
Quote:
Financial disclosure forms show that Rep. Jane Harman (D-Calif.) -- one of the leading national security experts in Congress -- has hundreds of thousands of dollars invested in nine corporations listed by the Securities and Exchange Commission as doing or having done business with a terror-sponsoring state.
Reps. Randy Neugebauer (R-Texas) and Nick Rahall (D-W.Va.) have smaller investments in as many such companies. Sen. John Kerry (D-Mass.) and Rep. Rodney Frelinghuysen (R-N.J.) each have more than $1 million in companies that are doing or have done business with one or more of these countries.
The five countries on the U.S. State Department's list of terror-sponsors are Cuba, Iran, North Korea, Sudan and Syria. (The SEC relies on the State Department's list.) Most members of Congress whose offices commented for this story said the members did not have direct control over their investments because their money was either handled through a blind trust or through a broker.
My current portfolio consist mainly of IPO's that I have bought prior to the sub prime crisis that I am unable to dispose of but they are now recovering.
What does your portfolio look like?
Linear Mode
