Nelson Smith (blogger behind Financial Uproar) asked me and other personal finance bloggers to participate in a stock picking contest for 2012.
Here are the rules:
Each blogger contributes their 4 best stock picks and every quarter we will post an update on our progress. The winner will be crowned on December 31st, 2012. Dividends are counted in the results, but any currency fluctuations aren’t.
I wanted to share some of the results of a stock picking contest I entered in 2011. I ended up with a 17.83% return. I finished third.
Here are my stock picks for 2012
- Telus (started at $57.64)
- Exchange Income Corporation (EIF) (started at $25.41)
- BCE (started at $43.00)
- Suncor (started at $30.10)
[quote]I tried to stick with solid dividend paying companies that I believe in and are likely to increase their payout in 2012. That is why I avoided banks this year.[/quote]
Here’s a list of the other personal finance bloggers participating in the contest: