I haven’t really made many moves over the past two weeks. I have only been adding to two stocks in my short term portfolio: General Electric (GE) and Aflac (AFL). I have been buying General Electric at $9 and $10. I bought Aflac in the low 20′s and believe that the insurer is severely undervalued.
For my long term positions, I have been adding more Wells Fargo (WFC) and British Petroleum (BP) lately. I continue to like BP because of the upside if oil rises and the healthy dividend.
How did that BP work out for ya?
I think I look at companies too personally to be objective about picking stocks. For example, Wells Fargo drives me crazy when I have to deal with them for work… therefore I am biased against buying Wells Fargo stock. Not the best way to invest, so I stick with mutual funds
The stock has rebounded nicely. It’s back above $40 a share and the dividend should be reinstated in the next year.