Money

I’ve never been one to follow the stock market: bulls and bears exist in pastures and forests, to my way of thinking.  Until recently.  Until the stock market went the way of my old dirty dishwater, spiraling toward the drain until the last remnants of a once memorable feast were sucked down, down, down in a frantic flurry of hopeless bubbles.

Now, it’s all I think about.  Warren Buffet’s recipe for success now rings in my ears and influences my dreams: ”be fearful when others are greedy, and be greedy when others are fearful“.  Others are fearful.  I am greedy. 

Pass the salt.

So what to do?  BUY.  Buy and buy and buy like there’s a million tomorrows, each of them custom made for me.

Am I stupid?  Maybe.  A rookie?  Definitely.  But I had nothing invested to begin with so already I’m ahead of the game.  Right?

Investors are bailing like their next breath must be paid for in cash and they don’t think they’ll have enough of it to make it to next week.  Near as I can tell, that’s my cue.

Buy.

But buy what?

Here’s what I’m looking at:

1. JEC (Jacobs Engineering Corp):  Provides a range of technical, professional, and construction services to a large number of industrial, commercial, and governmental clients around the world.  Motley Fool 4 stars.  Closed at $33.55 today, down from a 52 week high of $98.31. 
2. CBI (Chicago Bridge and Iron):  An engineering, procurement and construction company, serving customers in a number of key industries including oil and gas; petrochemical and chemical; power; water and wastewater; and metals and mining.  5 stars.  Closed at $7.51, down from a 52 week high of $49.82.
3. LDK  (LDK Solar Co., Ltd.):  The Company manufactures multicrystalline solar wafers, which are thin sheets of crystalline silicon material primarily made by slicing multicrystalline ingots or monocrystalline boules.  4 stars.  Closed at $5.50, a 52 week low, down from a 52 week high of $52.40.

Infrastructure and alternative energy.  Obama, party of 303,824,640! 

One of the above three will land in my new “portfolio of greed”.  I’m not just doing this for me, you understand.  I’m doing it for you.  By making the right investments, I hope to retire with dignity and bypass the welfare line. 

Having said that, what are YOU buying?  Or selling?  Do share.  The more sound my investment decisions today, the fewer of your tax dollars will support me in my old age!