Using the proceeds from my sale of Advance Auto Parts, I invested another almost $1300 in iShares Latin America Index ETF (ILF). ILF has been doing very well over the last 5 years. I believe that there is a ton of growth going on in Latin America. I have visited several countries in Central America, and the growth of the economy there is very evident.
In my regular brokerage account, and my Roth IRA, I try to invest in things that I don’t have access to in my 401k. In my 401k I have part of my money invested in an international fund. But in my Roth IRA, and my regualr acount, and I have money invested in an emerging markets fund (EEM), and just started investing in the Latin America Fund. ILF has outperformed even EEM which has done quite well for me. So I am excited to see what the ILF ETF will do.
I have been thinkibg aout it for a while now. I have been switch from buying individual stocks to buying funds. My funds have done better than my individual stocks. I just am not great at picking stocks. I do plan on holding onto some of them. The ones that I think are industry leaders and will be around for a long time. While I like Advance Auto Parts, they are not unique in their field. The are a several auto parts stores around here AutoZone, and Parts Plus. Of the auto parts places around here, I do like Advance Auto Parts the best.
I remember hearing a question about whether you thought a comapny would be around in 10 years. AAP Will probably be around, but who knows. I don’t have the faith in them that I might Target or eBay.
So I decided to sell the AAP stock today, and move the money into a fund. Maybe ILF?
I will be looking through my other stocks. I want to simplify my portfolio a bit.
My wife got on some sort of home business list, and we have started to get phone calls saying she requested information about starting a home business. Someone also mailed her a magazine titled Home Business Connection. It’s the May 2007 issue, and apparently retails for $5.95.
I was intrigued. I started to look through it, and had to laugh. It was cover to cover get-rich easy schemes! There are tons of ads, and even the articles are basically ads.
Here are some of the “business opportunities”:
Weight loss patches
Candle making (with MLM twist)
Virtual travel agnecy
Herbs and supplements
Medical coding specialist
Weight loss drugs
Gas saving capsules
No money down real estate
Some of the ads really dont tell you what the deal is. They just have big flashing pictures, and text like “Got cash to burn?” “Did you make $4,297 today?” “100 millionaires in the next 5 years”, etc, etc
It’s just hilarious! But I can also see thousands of desparate people wasting their money signing up for some of these get rich schemes. The people getting rich are the people who run these things.
I have been a customer of BuyAndHold.com for a couple years now. Overall I have been pretty happy with them. They charge me about $7 a month for my account, and I get two free window trades a month. Trades after that are only $2.99 each. But having the two free window trades every month encourages me to invest at least something since they are a use them or lose them thing. I alos opened a Roth IRA with them.
But in the last day, they have been ticking me off a little bit. I want to but some more ILF (a Latin America index fund). Yesterday I logged on to their website, but when I went to do anything, it kept making me log in again. I called them, and was told that they had had a power outage, and that it would be up sometime after 3pm. So I figured out quickly that I would be able to enter a window trade for the 3-4pm window. I was able to log on last night. And I was able to log on earlier this morning. But a little while ago I went to log on to look at setting up the window trade to buy the ILF, and found the site was down. I called them and was told they had a power outage this morning. WHAT? Again? How many power outages are they having? Don’t they have backup power? The company I work for has generators, and power filters, etc. And they have two of everything for redundancy!
It makes me a little nervous that I can’t access my account. I will have to watch the situation. If this crap keeps up, I will move my account someplace else!