Picking US consumer staples stocks
moneyrelations :: Oct.02.2007
With the Canadian dollar at par with the American dollar, I have finally started the process of moving some Canadian money in preparation to invest in the US markets. I will pick my entry points but I will mainly be investing in US denominated ETFs as there are so many more investment vehicles than what is available in Canada. In my plan to 1 million, I’ve also allotted 5% of my portfolio to actively invest in individual stocks.
With this discretionary money, I have decided to spread it out in these categories:
- consumer staples
- energy
- technology
- retail
- health care
I already have a position in Enbridge (TSX: ENB) for energy, and Reitmans (TSX: RET.A) for retail. I’m comfortable with these companies and I have no problem picking up more shares averaging down. Right now, I’m focused on consumer staples as there’s more noise to deal with in technology and health care.
The contenders for consumer staples include:
Coca Cola (NYSE: KO)
P&G (NYSE: PG)
Kimberly Clark (NYSE: KMB)
Kraft (NYSE: KFT)
Frankly, I don’t think I can go wrong with any of these picks but I’m looking for an entry point. The one that seems most out of favor is Kraft which makes it even more intriguing. I will be following Kraft closely.
Investing ::
No Comments »
Did you enjoy the post?
Subscribe to Money Relations and the Comments as well.
Share in Social Media
Related Posts:
