A rest from stocks

I am having a bit of a rest from thinking about stocks and shares in August.

That is the beauty of being a long term investor. Occasionally you can just keep half an eye on the latest prices and not spend any time digging deeper. As long as you are invested in sound companies you can rest assured that they are not about to fall off a precipice financially speaking.

While I have been resting not much has changed. Banks have been bouncing around as normal and are still on ridiculous PE ratios. The news flow is still mainly bad.

Genzyme got a nice kick when Cramer recommended it. It is now showing a 30% gain over 18 months and is my biggest holding. I will not be selling. I still think that GENZ has an incredible risk reward ratio and is a great foundation for the rest of the portfolio.

I am still coveting Google, Apple and Oracle. These global brands all have a similarly great risk reward ratio and a fantastic balance sheet. They are stocks to be bought and not sold.

Happy holidays.