Monday, October 25, 2010

Portfolio Update and Vanguard Index Fund News

Added a small position in SunPower (SPWRA) at 13.72 to the long-term portfolio. The company's stock has lagged its major competitors over the past 1-2 years, and I believe it's worth taking on some risk for a decent return if the company can continue to stay on track earnings-wise. Also, recently the company has reported some news suggesting that it is becoming more cost-competitive. All in all, as we approach year-end, 2010 is looking reasonably good and if the positive trend, I think we can see shares moving north of $16 by early next year.

Now, for Vanguard news... anyone that holds index funds through Vanguard should look into converting their Investor shares to Admiral shares. The Admiral share minimums were recently reduced to $10K (down from $100K). Admiral shares are much more cost efficient, as they carry an expense ratio that is roughly half that of Investor shares.

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