Mid Year 2009: MarketWatch admits failure
Our 2009 investing ideas at midyear: Oops – MarketWatch.
After four months of taking somewhat of a break from writing here I am ready to start the 2nd half of 2009 focusing on investing and making money. We will start out with a some analysis of the self-analysis from MarketWatch.com linked above. The financial website recommended 10 investment ideas at the beginning of the year and now they are admitting that their recommendations were not so hot.
Although they do not give much in the way of real number returns it seems that MarketWatch had one winner out of their 10 suggestions: Consumer Staples stocks, and one that did OK: Investment Grade Corporate Bonds. Reading between the lines, it seems the other 8 suggestions have not done well so far in 2009.
It is nice to see the “professionals” admit their lack of foresight and the year is only half over, so their predictions may recover. The article is mostly how that could happen. Here is the original article so you can check for yourself at the end of 2009.
I point this stuff out because I will be trying to give real recommendations on this site and following up with how well they perform in real numbers. I have learned a lot in the two years (site birthday next week) I have been writing here and hopefully it will translate into interesting and useful information for the readers.
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