I have been an investor for about 8 years. I have tried everything from interpreting stock charts to subscribing to newsletters. About a year ago I read The Intelligent Investor by Benjamin Graham and Stocks for the Long Run by Jeremy Siegel. Those books along with the shareholder letters of Warren Buffett have had a tremendous impact on my investing. I am neither a value investor or a growth investor. I am simply an investor. I'll briefly describe my current portfolio to you with my reasons for owning these stocks.
Alcoa (AA) I first purchased AA in July of 2006. As of today I am up 38.94% on the stock. This is after a couple of days of AA being beat up because BHP publicly stating it was not interested in a take over of AA. I suspect that the stock my go lower yet over the next month or so. AA is the largest aluminum company in the world. The company is well managed and should continue to increase its profitability as aluminum prices continue to increase over the next few years.
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