I’m starting off the 2010 Stock Picks contest better than I did last year. For pretty much all of last year I was in the bottom two places out of our small group of financial bloggers. This year has started out better as I’m in the top third of the group, but with a lot of time remaining. The rules of the contest are that we pick four stocks or ETFs and hold them for the full year. We can’t change our picks (as much as I wanted to last year). I’m still happy with my picks and would probably pick all of them again if the contest was starting over today. Oil (UCO) still has some upside potential even if the US Dollar (UUP) keeps climbing. I think the S&P 500 (SSO) will finish the year higher than it is now and possibly lead by some major dividend paying stocks (DVY).
Here’s how my picks are doing so far:
Here are the first quarter updates for where we stand compared to each other: